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Why Atlassian Stock Is Going Down Today

·2 min read
Why Atlassian Stock Is Going Down Today
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Shares of Atlassian (NASDAQ: TEAM) fell hard on Friday, down 4.3% as of noon ET after the workflow management software company held an investor day on Thursday. Analysts weren't uniformly impressed with what Atlassian had to say. On the other, Piper Sandler lowered its price target (to $384), while Cowen & Co. called the investor day revelations "relatively in line with expectations" -- and maintained a $330 price target and neutral rating on the stock.