Stephens lowered the firm’s price target on Atlassian (TEAM) to $221 from $255 and keeps an Equal Weight rating on the shares. The firm thinks a few factors in Q3 dented high market expectations and expects it will take Q4 results and FY26 guidance for the market to get clarity on potential impacts, if any, to growth rates. While the firm continues to like the quality, size and durability of Atlassian’s growth opportunities, it remains sidelined until it gets more visibility, the analyst tells investors.
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