Baird Downgrades Atlassian to Neutral, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Rob Oliver has downgraded Atlassian (NASDAQ:TEAM) from Outperform to Neutral and lowered the price target from $230 to $175.

August 02, 2024 | 9:11 am
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NEGATIVE IMPACT
Baird analyst Rob Oliver downgraded Atlassian from Outperform to Neutral and reduced the price target from $230 to $175.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $230 to $175 by Baird analyst Rob Oliver is likely to negatively impact Atlassian's stock price in the short term. This reflects a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100