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UBS has lowered its price target for Atlassian Corporation from $330 to $230 while maintaining a Neutral rating, citing budget scrutiny and modest seat expansion rates despite strong gross profit margins and expected net income growth. The stock has dropped over 10% recently but remains up 31% over the past six months. Analysts from KeyBanc and Stephens have differing views, with price targets of $365 and $255, respectively, reflecting confidence in Atlassian's growth potential ahead of its upcoming earnings report and Investor Day.
UBS has lowered its price target for Atlassian Corporation from $330 to $230 while maintaining a Neutral rating, citing demand trends and budget scrutiny among partners and customers. Despite a recent 30% decline in share price, analysts remain cautiously optimistic, noting strong financial results and growth potential, with KeyBanc Capital Markets setting a $365 target and Stephens initiating coverage at $255. Investors are closely watching upcoming financial reports and the Investor Day presentation for insights into the company's strategic direction.
UBS has lowered its price target on Atlassian Corp to $230 from $330 while maintaining a neutral rating. Atlassian, a global technology company, offers products like Jira for project management, Confluence for content sharing, and Loom for video collaboration, all built on a unified platform that enhances team connectivity and workflow efficiency.
Atlassian insiders sold 257,156 shares worth over $65 million in the last ninety days, with corporate insiders holding 38.55% of the stock. Institutional investors own 94.45% of the company, and analysts have raised price targets, with a consensus rating of "Moderate Buy" and an average target of $307. The stock recently traded at $303.17, up 13.6%, despite a quarterly earnings miss. President Anutthara Bharadwaj and Director Scott Farquhar recently sold shares, reducing their ownership stakes.
Atlassian Corporation is a global technology firm known for its key products, including Jira for project management, Confluence for content sharing, and Loom for video collaboration. The Atlassian platform integrates these tools, enhancing teamwork through a unified data model called the Teamwork Graph, which standardizes information across various applications.
Jim Cramer highlighted the extreme post-election market, noting sectors like enterprise software, subscription models, and banking that have surged but may need a pullback. He expressed caution over the rapid gains in stocks like Salesforce and Amazon, while also identifying pharmaceuticals and semiconductors as potentially undervalued sectors that could rebound. Cramer emphasized the need for clarity from the incoming administration before making investment decisions.
President Anutthara Bharadwaj sold 760 shares of Atlassian stock on September 20th for $123,963.60, maintaining a 0.00% change in her position, now owning 143,966 shares valued at approximately $23.48 million. In the last 90 days, insiders sold 230,185 shares worth $38.33 million, while institutional investors hold 93.03% of the company's stock. UBS Group raised Atlassian's price target to $205.00, suggesting a potential upside, amidst mixed ratings from analysts.
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ubs lowers atlassian price target to 230 maintains neutral rating
16:22 01.04.2025
ubs lowers atlassian price target to 230 maintains neutral rating
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ubs lowers price target on atlassian while maintaining neutral rating
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