Jira operator Atlassian sees its stock sink as growth slows
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Atlassian Corporation (TEAM) PT Lowered to $200 at FBN Securities
August 2, 2024 1:38 PM EDTFBN Securities analyst Shebly Seyrafi lowered the price target on Atlassian Corporation (NASDAQ: TEAM) to $200.00 (from $250.00) while maintaining a Outperform rating.
The analyst comments "Retain Outperform. We retain our Outperform rating on TEAM and lower our PT from $250 to $200. For its FQ4 quarter, revenue grew by 20% Y/Y and met consensus, while... More
Atlassian Corporation (TEAM) PT Lowered to $245 at Citi
August 2, 2024 7:29 AM EDTCiti analyst Fatima Boolani lowered the price target on Atlassian Corporation (NASDAQ: TEAM) to $245.00 (from $265.00) while maintaining a Buy rating.
The analyst comments "Against mixed sentiment, TEAMs F4Q disappointed, with a Cloud miss and inline DC that together muted total revs upside,... More
Goldman Sachs Upgrades Atlassian Corporation (TEAM) to Buy
August 2, 2024 7:19 AM EDTGoldman Sachs analyst Kash Rangan upgraded Atlassian Corporation (NASDAQ: TEAM) from Neutral to Buy with a price target of $230.00 (from $200.00).
The analyst comments "We are upgrading Atlassian to Buy from Neutral with a $230 PT (vs $200 prior). We believe TEAM has passed the toughest portion of its cloud transition and can credibly deliver on a de-risked guide for Cloud growth, Data Center migrations, and margin trajectory. After a significant period of underperformance (TEAM -24% YTD vs. NASDAQ +16%), the Street seems to have... More
