Citi Lowers PT on Atlassian Corporation (TEAM) to $240 From $300, Keeps a Buy Rating

Atlassian Corporation (NASDAQ:TEAM) is one of the most promising future stocks according to Wall Street analysts. On August 18, Citi analyst Fatima Boolani lowered the firm’s price target on Atlassian Corporation (NASDAQ:TEAM) to $240 from $300, keeping a Buy rating on the shares.

The firm told investors that it updated its models in the software space after the Q2 reports. Atlassian Corporation (NASDAQ:TEAM) reported its fiscal Q4 and full-year 2025 results on August 7, closing out FY25 with more than $5.2 billion of revenue.

It also generated over $1.4 billion in free cash flow and reached 2.3 million AI monthly active users.

Mike Cannon-Brookes, CEO and co-founder of Atlassian Corporation (NASDAQ:TEAM), stated that AI is “fundamentally changing” the world’s workings, which is creating considerable tailwinds for the company in the process.

Atlassian Corporation (NASDAQ:TEAM) provides team collaboration and productivity software, offering products such as Jira Software, Confluence, Jira Service Management, and Loom.

Ranging from space travel and medicine to disaster response and pizza deliveries, the company’s products allow teams from across the globe to advance “humanity” through the “power of software”.

While we acknowledge the potential of TEAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.