BTIG Lowers Atlassian Price Target to $110 Amid Concerns Over Cloud Growth Pace
BTIG has lowered its price target on Atlassian (NASDAQ:TEAM) from $140 to $110, citing concerns that organic cloud growth is not accelerating despite maintaining a Buy rating. This follows a similar reduction by Cantor Fitzgerald, raising questions about the cloud transition narrative. The move comes ahead of Atlassian's Q3 FY2026 results, which are seen as a key test for the company's cloud strategy.
Topics: Analyst Outlook Atlassian Cloud Transition Price Target Stock Performance