Why KeyBanc Lowered Its Price Target on Atlassian Corporation (TEAM)

3 weeks ago 15

Rameen Kasana

Mon, July 13, 2026 astatine 3:47 AM CDT 2 min read

Atlassian Corporation (NASDAQ:TEAM) is among the undervalued bundle stocks to bargain now. On July 8, KeyBanc trimmed the terms people connected Atlassian Corporation (NASDAQ:TEAM) to $115 from $130 and reiterated an Overweight rating. The steadfast has updated its exemplary to amended bespeak the views of investors, management, and partners.

The steadfast lowered its Cloud estimates for FY27, peculiarly owed to softer migration and integrated maturation assumptions, contempt higher information halfway projections. Overall, KeyBanc anticipates blimpish FY27 guidance from management, portion viewing this arsenic a clearing lawsuit that enhances visibility of near-term trends.

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Photo by Chris Montgomery connected Unsplash

Back connected June 25, BMO Capital chopped the terms people connected Atlassian Corporation (NASDAQ:TEAM) to $95 from $105 aft readjusting its model. The steadfast has lowered its information halfway gross forecasts for FY27 to antagonistic 22% growth, down from antagonistic 12%. Additionally, the steadfast reduced its operating borderline and escaped currency travel estimate.

In its analysis, the steadfast besides highlighted the company's beardown merchandise offering and coagulated organisation and pricing strategies, adding that the stock's existent valuation offers an appealing risk/reward profile. The steadfast has an Outperform rating. Indeed, Atlassian Corporation (NASDAQ:TEAM) is 1 of the undervalued bundle stocks to bargain now.

Atlassian Corporation (NASDAQ:TEAM) is an Australian supplier of bundle that facilitates squad collaboration. Founded successful 2002, the institution offers a task absorption platform, a connected workspace, an asynchronous video connection tool, an intuitive work absorption solution, and different AI-related tools.

While we admit the imaginable of TEAM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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