Atlassian (TEAM) is trading at $70.65 (+2.68%), rebounding from a sharp 9.44% decline in the previous session. The recovery follows a broader market uptick as investors move past recent concerns over AI disruption and tariff risks.
- The stock is recovering from a recent selloff triggered by a CFO transition announced on February 18 and general software sector volatility.
- Analysts remain notably bullish on the company, maintaining a mean price target of $177.85.
- Broader market indices are also trending higher, with the S&P 500 up 0.53% and the Nasdaq up 0.77% following a period of tariff-related uncertainty.