Atlassian price target lowered to $225 from $330 at Scotiabank

Scotiabank lowered the firm’s price target on Atlassian (TEAM) to $225 from $330 and keeps a Sector Perform rating on the shares. The firm is lowering its price target on the stock given the broader software pull-back, but continues to get more constructive on the shares, the analyst tells investors.

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• Atlassian’s Growth Potential Highlighted by Strategic Innovations and Market Expansion

• Macquarie upgrades Atlassian on valuation after customer conference

• Atlassian upgraded to Outperform from Neutral at Macquarie

• Atlassian price target lowered to $325 from $355 at Mizuho

• Atlassian price target lowered to $295 from $360 at BMO Capital