Why Atlassian Stock Stumbled Today [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Importantly, however, he maintained his equivalent of a buy recommendation on it. Legacy software stocks have had a rough 2026 so far, amid fears of disruption from artificial intelligence (AI) that have crushed sentiment for such titles. One company swept up in this is Atlassian (NASDAQ: TEAM) , and on Tuesday, that sentiment was dealt another blow by an analyst's deep price target cut. Atlassian didn't decline much, but it did fall, sliding by nearly 0.4% at market close. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Software softness The person making this move was Ryan MacWilliams of storied international bank Barclays . Early Tuesday morning, he reduced his price target on Atlassian stock to $100 per share from $165. Despite that rather significant adjustment, MacWilliams remained bullish on the co
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