Atlassian Corporation Plc (TEAM) has disclosed a new risk, in the Environmental / Social category.
Atlassian Corporation Plc faces heightened business risk due to evolving data privacy and cybersecurity regulations, such as the GDPR and CPRA, which impose stringent compliance obligations. As governments and regulatory bodies continuously update these frameworks, Atlassian must adapt its services and operations to meet new legal standards, potentially increasing liability and compliance costs. The invalidation of the EU-U.S. Privacy Shield Framework exemplifies the regulatory uncertainty that can disrupt data transfer mechanisms, necessitating costly adjustments. Moreover, the global inconsistency of privacy laws complicates Atlassian’s ability to offer uniform services across borders, possibly affecting customer trust and demand for their products.
The average TEAM stock price target is $238.68, implying 33.01% upside potential.
To learn more about Atlassian Corporation Plc’s risk factors, click here.
