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0 0.000834028356964089 0.00917431192660546 0.0203919933277731 0.00642201834862382 -0.000166805671392913 -0.00229357798165142 -0.00771476230191824
Stock impact report

TD Cowen Lowers Atlassian (TEAM) Target but Sees Constructive Signals [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
earnings report on February 5, TD Cowen lowered its price target for Atlassian Corporation (NASDAQ:TEAM) from $205 to $175 on January 20, keeping a Hold rating on the company's shares. According to the firm's analysis, the software company's Jira Service Management momentum, cloud migrations, improved packaging options, and strong sales hiring are all “fairly constructive” indicators. Despite these encouraging signs, TD Cowen's data indicates that Atlassian Corporation (NASDAQ:TEAM) has gained “little traction” with its AI solutions, which may have an effect on the company's potential for future development. The firm pointed out that investors remain concerned about medium-term seat growth pressure from AI, even if Atlassian's valuation “may look more attractive,” and that there may be space for a short-term stock rebound. Overall, these AI-related growth worries will remain “an overhang” for Atlassian. Atlassian Corporation (NASDAQ:TEAM) provides team collaboration and productivi Show less Read more
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