Atlassian price target lowered to $275 from $300 at Truist

Truist lowered the firm’s price target on Atlassian (TEAM) to $275 from $300 and keeps a Buy rating on the shares. The company delivered upside to the firm’s top and bottom line estimates with their Q3 release but by a lower margin than in prior quarters, as moving parts in their go-to-market motion impacted growth in the period, the analyst tells investors in a research note.