Oppenheimer lowered the firm’s price target on Atlassian (TEAM) to $150 from $275 and keeps an Outperform rating on the shares. The firm notes Atlassian reported solid Q2 results ahead of expectations for all key metrics and reiterated confidence in long-term revenue growth targets. Oppenheimer finds the current valuation compelling and is a buyer with a long-term view, though it could take time for AI headwinds to settle.
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