Analysts Cut Atlassian Corporation (TEAM) Price Targets After Fiscal Q2 Report

Atlassian Corporation (NASDAQ:TEAM) is one of the 15 AI Stocks With Explosive Growth Potential.

Atlassian Corporation (NASDAQ:TEAM) is one of the best AI stocks with explosive growth potential. On February 9, Citi lowered its price target on Atlassian Corporation (NASDAQ:TEAM) from $210 to $160 and kept its Buy rating on the stock.

This update comes after the company reported its fiscal Q2 results. Citi pointed to “sector turmoil” as the reason for the reduction in the price target. The research firm noted that the company’s fundamentals are “sound.”

Earlier, on February 6, Baird also lowered its price target on Atlassian Corporation (NASDAQ:TEAM) from $170 to $140 and kept an Outperform rating on the stock. The research firm said it updated its model following the company’s fiscal Q2 results.

Also on February 6, BMO Capital reduced its price target on Atlassian Corporation (NASDAQ:TEAM) from $135 to $130 and kept an Outperform rating on the stock. According to BMO Capital, the company delivered solid results across several key metrics, including seats. Management also slightly raised its fiscal 2026 targets, excluding the impact of mergers and acquisitions.

BMO Capital noted that Atlassian Corporation (NASDAQ:TEAM) will need to continue delivering strong results over several quarters into fiscal 2027 before the stock moves higher.

​Atlassian Corporation (NASDAQ:TEAM) is a leading AI company that specializes in software development, work management, and enterprise service management software aimed at enhancing team collaboration and productivity.