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Stock impact report

This is Why Morgan Stanley Feels Atlassian Corporation (TEAM) is a Discount Play [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
Keith Weiss reiterated that Atlassian Corporation (NASDAQ:TEAM) is trading at deeply discounted levels following a deep pullback. Stasique/Shutterstock.com According to the analyst, the deep sell-off comes amid investors overstating the risks posed by artificial intelligence. “AI is a tailwind for TEAM,” the Weiss wrote, citing “more developers, more complex AI app work needing coordination and AI-infused products” that should “boost stickiness, migrations, and upsell.” The investment bank has also reiterated the company's strong momentum and traction, with a broad solution portfolio and a diversified user base. In addition, the firm insists the company's topline guidance looks conservative given steadier IT budgets and ramping product cycles. Meanwhile, on January 20, TD Cowen reiterated a Hold rating on the stock but cut the price target to $175 from $205. The cautious outlook comes as the research firm touts constructive checks on Jira Service Management momentum, cloud mig Show less Read more
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