Morgan Stanley has reduced its price target for Atlassian (NASDAQ: TEAM) from $320 to $290, according to a research report published on Friday. Despite the cut, the firm maintains an overweight rating on the technology company’s shares.
Other analysts have also provided updates on Atlassian, including Zacks Research, which recently upgraded the stock.
**Why this matters**
Price target adjustments can influence investor sentiment and trading decisions. Morgan Stanley’s revised target reflects updated expectations for Atlassian’s future performance, which may impact market perception and stock valuation.
Source: NewsData