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Stock impact report

Here's What Wall Street Think About Atlassian Corporation (TEAM) [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
6% since it announced the availability of cloud apps on the AWS marketplace on December 2. Wall Street has also maintained a positive outlook on the stock since the release. Recently, on December 17, Allan Verkhovski from BTIG initiated the stock with a Buy rating and a $220 price target. Earlier on December 16, Ryan MacWilliams from Wells Fargo also reiterated a Buy rating on the stock but lowered the price target from $267 to $216. The analyst at BTIG noted that the stock has fallen more than 32% year-to-date over concerns regarding AI disrupting the company's business. Verkhovski believes these concerns to be over-exaggerated and highlighted that the fall in share price has created an undervalued buying opportunity. He also added that the cloud revenue guidance for the rest of FY26 is now de-risked and could reach mid-20% growth. Management during its December 2 announcement noted that the availability of its major apps, including Jira, Confluence, and Jira Service Management Show less Read more
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