KeyBanc lowered the firm’s price target on Atlassian (TEAM) to $130 from $170 and keeps an Overweight rating on the shares. The firm recently spoke with the leadership team at one of Atlassian’s largest Platinum Partners. The conversation highlighted solid migration demand, though appears to be stronger in 2027, and that recent channel compensation changes have led to some friction, but is being appropriately addressed.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM: