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Why Atlassian (TEAM) Stock Is Nosediving [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
concerns about the company's financial model complexity and recent executive turnover. Citi reduced its price target on Atlassian's stock to $210 from $240, while Macquarie also lowered its target to $240 from $250. The analysts' caution stemmed from what they described as a complex financial model and recent changes in leadership. The concern over executive turnover was underscored by the retirement of two long-serving board members. These analyst actions and board changes contributed to a more pessimistic outlook on the company's growth prospects. The shares closed the day at $118.28, down 7.9% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Atlassian? Access our full analysis report here, it's free Atlassian's shares are very volatile and have had 24 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news me
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