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Stock impact report

Atlassian Corporation (TEAM): BTIG Says AI Disruption Risk Overblown [Yahoo! Finance]

Atlassian Corporation Plc - Class A Ordinary Shares (TEAM) 
Last atlassian corporation plc - class a ordinary shares earnings: 4/30 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On December 17, BTIG analyst Allan Verkhovski initiated coverage of Atlassian Corporation (NASDAQ:TEAM) stock with a Buy rating and $220 price target. In a note to investors, the analyst noted that the AI disruption risk was overblown, with the shares down roughly 42% over the past year, and cloud revenue guidance was de-risked with the potential to grow in the mid-20 percentage range for the rest of FY26. In earnings for the first fiscal quarter, released in late October, Atlassian Corporation (NASDAQ:TEAM) outlined updated guidance numbers. The firm raised its cloud revenue outlook by 1.5 points to 22.5% year-over-year for the 2026 fiscal year. The company also reiterated its long-term 20% CAGR growth rate target, with CEO Cannon-Brookes stating that the firm felt incredible confidence in the ability to deliver that. Atlassian Corporation (NASDAQ:TEAM) provides collaboration software that enables organizations to connect all teams through a system of work that unlocks productiv Show less Read more
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