Atlassian price target lowered to $230 from $275 at Truist

Truist analyst Joel Fishbein lowered the firm’s price target on Atlassian (TEAM) to $230 from $275 and keeps a Buy rating on the shares. The company delivered upside to the firm’s top and bottom-line estimates in Q4 as improvements in their enterprise sales motion drove platform deal momentum, but heading into its FY26, guidance assumes similar prudence around macro and execution risk as it did going into FY25, the analyst tells investors in a research note.