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.
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Read More on TEAM:
- Atlassian price target lowered to $215 from $230 at UBS
- Atlassian price target lowered to $245 from $295 at BMO Capital
- Atlassian price target lowered to $221 from $255 at Stephens
- Atlassian price target lowered to $300 from $325 at Oppenheimer
- Atlassian’s Resilience and Growth Potential: A Buy Rating Amid Temporary Challenges