Atlassian Corp Releases Q4 Earnings
Atlassian Corp has released its Q4 earnings, reporting revenue growth and a record number of million-dollar deals. The company’s revenue exceeded expectations, with a notable increase in sales.
Key Highlights
- Revenue growth: Atlassian Corp’s revenue exceeded expectations, with a notable increase in sales.
- Million-dollar deals: The company reported a record number of million-dollar deals.
- Analyst reactions: Analysts have responded to the earnings release with mixed reactions, citing concerns over the company’s AI-related developments.
Analyst Price Targets
- Bernstein: Reduced price target to $296
- Goldman Sachs: Reduced price target to $260
- TD Cowen: Reduced price target to $220
Stock Price Fluctuations
The stock price has experienced fluctuations in recent days, influenced by the mixed reaction from analysts. Despite this, the company’s overall outlook remains positive, with analysts expecting continued growth.