Atlassian stock price slips in premarket after earnings; TEAM eyes cloud-growth slowdown and fresh target cuts
New York, Feb 6, 2026, 07:36 EST — Premarket
- TEAM shares dipped in early trading following Atlassian’s quarterly results and guidance.
- Investors are balancing concerns over AI-driven disruption with ongoing cloud migration advancements.
- Following the results, several brokers lowered their price targets.
Shares of Atlassian Corporation slipped 6.3% to $98.41 in premarket trading on Friday.
Atlassian’s stock decline is grabbing attention as it highlights a heated debate in software: can AI tools undermine major workflow platforms like Jira, even while companies keep investing heavily in cloud subscriptions? The Nasdaq-listed shares have tumbled over 66% in the past year, according to The Australian. 1 …
