Stock Track | Atlassian Plummets 5.18% Intraday Amid Multiple Analyst Price Target Cuts

Stock Track

Feb 06

Atlassian Corporation PLC (TEAM) stock plummeted 5.18% during intraday trading on Friday, reflecting significant selling pressure.

The sharp decline appears to be driven by a wave of analyst price target reductions from multiple financial firms. Piper Sandler lowered its target to $200 from $280, Morgan Stanley cut to $290 from $320, BTIG reduced to $140 from $220, Wells Fargo lowered to $155 from $216, Jefferies cut to $150 from $262, and UBS slashed its target to $105 from $145, among others. These downward revisions suggest analysts are taking a more cautious view on the company's near-term prospects.

Notably, this negative sentiment comes despite Atlassian recently reporting strong second-quarter fiscal 2026 results, with revenue and earnings beating analyst estimates. The company also raised its full-year sales outlook, indicating underlying business strength even as analysts adjust their valuation models.

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Piper Sandler lowered its target to $200 from $280, Morgan Stanley cut to $290 from $320, BTIG reduced to $140 from $220, Wells Fargo lowered to $155 from $216, Jefferies cut to $150 from $262, and UBS slashed its target to $105 from $145, among others. These downward revisions suggest analysts are taking a more cautious view on the company's near-term prospects.</p><p>Notably, this negative sentiment comes despite Atlassian recently reporting strong second-quarter fiscal 2026 results, with revenue and earnings beating analyst estimates. The company also raised its full-year sales outlook, indicating underlying business strength even as analysts adjust their valuation models.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TEAM","symbol_name":"Atlassian Corporation PLC","start_time":0,"source_url":"","article_id":"1127923356","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127923356","pubTimestamp":1770390493,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Atlassian Corporation PLC (TEAM) stock plummeted 5.18% during intraday trading on Friday, reflecting significant selling pressure.The sharp decline appears to be driven by a wave of analyst price...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TEAM":"Atlassian Corporation PLC"},"translate_title":"个股追踪|多位分析师下调目标价下Atlassian盘中暴跌5.18%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEAM":1},"content_text":"Atlassian Corporation PLC (TEAM) stock plummeted 5.18% during intraday trading on Friday, reflecting significant selling pressure.The sharp decline appears to be driven by a wave of analyst price target reductions from multiple financial firms. 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