Atlassian price target lowered to $190 from $200 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on Atlassian (TEAM) to $190 from $200 but keeps an Outperform rating on the shares. Software developer seats continue to grow though may have slowed modestly from the company’s last earnings report, the analyst tells investors in a research note, adding however that the firm still expects another modest beat to top-line metrics.