Stock Track | Atlassian Plunges 5.09% Over 24 Hours on Analyst Target Cut and Profitability Concerns

Stock Track

Feb 06

Atlassian Corporation PLC (TEAM) experienced a 24-hour plunge of 5.09%, with significant selling pressure occurring during both intraday and after-hours trading sessions.

The decline was driven by two primary factors. First, Truist Securities significantly reduced its price target for Atlassian from $210 to $150 while maintaining a Buy rating, a substantial 28.6% cut that likely prompted investor concern and selling during the regular trading session.

Secondly, despite the company reporting better-than-expected second-quarter fiscal 2026 results—including revenue of $1.59 billion (beating estimates) and adjusted earnings per share of $1.22—the announcement of a net loss of $42.65 million for the quarter overshadowed these positives. This profitability concern contributed to a sharp after-hours decline as investors digested the mixed financial performance.

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First, Truist Securities significantly reduced its price target for Atlassian from $210 to $150 while maintaining a Buy rating, a substantial 28.6% cut that likely prompted investor concern and selling during the regular trading session.</p><p>Secondly, despite the company reporting better-than-expected second-quarter fiscal 2026 results—including revenue of $1.59 billion (beating estimates) and adjusted earnings per share of $1.22—the announcement of a net loss of $42.65 million for the quarter overshadowed these positives. This profitability concern contributed to a sharp after-hours decline as investors digested the mixed financial performance.</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":"1175774045","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175774045","pubTimestamp":1770341225,"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) experienced a 24-hour plunge of 5.09%, with significant selling pressure occurring during both intraday and after-hours trading sessions.The decline was driven by two...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TEAM":"Atlassian Corporation PLC"},"translate_title":"个股追踪|分析师下调目标及盈利担忧Atlassian 24小时暴跌5.09%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEAM":1},"content_text":"Atlassian Corporation PLC (TEAM) experienced a 24-hour plunge of 5.09%, with significant selling pressure occurring during both intraday and after-hours trading sessions.The decline was driven by two primary factors. 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