Wells Fargo analyst Michael Turrin lowered the firm’s price target on Atlassian (TEAM) to $330 from $375 and keeps an Overweight rating on the shares. Accelerating organic user adoption was the key theme from Atlassian’s annual user conference this week, where the company introduced a new bundle strategy and announced Rovo/AI now effectively free, the firm says. Wells remains constructive on the near- and long-term setup.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM:
- Atlassian’s Strategic Innovations and AI Advancements Drive Long-term Growth Potential
- Atlassian management to meet with KeyBanc
- Atlassian price target lowered to $262 from $330 at Jefferies
- Tesla reports deliveries miss, Nintendo says Switch 2 out in June: Morning Buzz
- Paramount downgraded, Broadcom upgraded: Wall Street’s top analyst calls