BofA analyst Koji Ikeda lowered the firm’s price target on Atlassian (TEAM) to $170 from $200 and keeps a Neutral rating on the shares. Atlassian has “not been immune to waning investor sentiment in the software category from AI disruption fears,” says the analyst in a fiscal Q2 preview. The firm is lowering its price target ahead of earnings to account for higher risks from AI and group multiple compression, the analyst tells investors.
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