This Is What Whales Are Betting On Atlassian
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Atlassian (NASDAQ:TEAM), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $60.0 to $185.0 for Atlassian over the last 3 months. The price of TEAM is currently down -2.92% at $171.74. Piper Sandler and Truist Securities have maintained their Neutral and Hold ratings on Atlassian, respectively, with a price target of $180.
November 06, 2023 | 7:31 pm
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A significant investor has taken a bearish stance on Atlassian, with the majority of trades being bearish. The price of TEAM is currently down, and analysts have maintained a price target of $180.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, indicates a potential downward pressure on the stock price. The current price of TEAM is also down. However, analysts maintaining a price target of $180 could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100