Wells Fargo analyst Michael Turrin lowered the firm’s price target on Atlassian (TEAM) to $330 from $375 and keeps an Overweight rating on the shares. Accelerating organic user adoption was the key theme from Atlassian’s annual user conference this week, where the company introduced a new bundle strategy and announced Rovo/AI now effectively free, the firm says. Wells remains constructive on the near- and long-term setup.
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