BMO Capital Maintains Market Perform on Atlassian, Lowers Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a Market Perform rating on Atlassian (NASDAQ:TEAM) but lowers the price target from $220 to $177.
August 02, 2024 | 5:25 pm
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BMO Capital has maintained a Market Perform rating on Atlassian but has lowered the price target from $220 to $177, indicating a more cautious outlook.
The lowered price target from $220 to $177 by BMO Capital suggests a more cautious outlook on Atlassian's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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