Atlassian Corporation Plc (TEAM) has disclosed a new risk, in the Environmental / Social category.
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Atlassian Corporation Plc faces escalating risks due to stringent data privacy laws like GDPR and the evolving landscape of cloud computing regulation. As governments worldwide adopt more robust data protection and cybersecurity laws, Atlassian, as a data controller and processor, must navigate a complex array of compliance demands, potentially affecting service adoption and operational results. The invalidation of the EU-U.S. Privacy Shield Framework and similar regulatory uncertainties create challenges in data transfer and could impose additional liabilities. These regulatory burdens, coupled with the need to adapt to new legal standards, could materially limit the company’s service utility and growth trajectory.
The average TEAM stock price target is $255.05, implying 17.32% upside potential.
To learn more about Atlassian Corporation Plc’s risk factors, click here.