KeyBanc lowered its price target on Atlassian Corporation to $115 from $130 while maintaining an Overweight rating. The firm updated its model to better reflect investor, management, and partner views, reducing cloud estimates for fiscal 2027 due to softer migration and organic growth assumptions, despite higher data center projections. KeyBanc expects conservative fiscal 2027 guidance from management but views this as a clearing event that improves near-term trend visibility.
Atlassian Corp PlcKeyBanc lowered price target and reduced cloud estimates due to softer migration and organic growth
Monday.Com Ltd