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Stock impact report

Atlassian Corporation (TEAM) Has Upside Despite Negative Software Sentiment [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
recently seen a series of price target reductions from several Wall Street firms. On January 27, UBS analyst Karl Kierstead lowered the firm's price target for the shares from $185 to $145 while maintaining a Hold rating. The firm's adjusted price target suggests a further 21.26% upside from the current levels. Additionally, Koji Ikeda, an analyst at Bank of America, had also adjusted the firm's price target on the stock downward to $170 from $200 on January 26. However, the analyst reaffirmed a Hold rating on the shares. The firm's revised price target implies a further 26% upside from the current levels. In a detailed fiscal second-quarter earnings preview, the analyst highlighted that the company has “ not been immune to waning investor sentiment in the software category from AI disruption fears. ” He explained that the downward adjustment to the price target reflects elevated risks from AI-related concerns and valuation multiple compression across the software sector. Atlassia Show less Read more
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