Atlassian Stock Declines Amid Analyst Price Target Cut and AI Concerns
Atlassian (NASDAQ: TEAM) stock fell slightly by nearly 0.4% following a price target cut by Barclays analyst Ryan MacWilliams, who reduced his estimate from $165 to $100 per share. The move reflects broader concerns about AI disruption and weak software sector earnings, though MacWilliams remains bullish on Atlassian's long-term prospects.
Tickers: $TEAM
Topics: AI disruption analyst price target Atlassian Barclays software stocks