Barclays Cuts Atlassian Price Target to $165, Cites Peer Valuations Despite Strong Cloud Metrics
Barclays reduced its price target on Atlassian Corporation (TEAM) to $165 from $215 while retaining an Overweight rating. The bank's adjustment reflects lower peer equity valuations rather than company-specific performance, even as Atlassian reported strong fiscal Q2 FY26 results, robust Cloud migration signals, expanding paid seats and improved re…