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Atlassian Corp (NASDAQ:TEAM) shares are trending upward on Thursday.
The move follows strategic cost-cutting measures and a recent workforce reduction. Investors are weighing a 10% cut in the global workforce against long-term AI goals.
• Atlassian stock is trading near recent lows. What’s ahead for TEAM stock?
Wells Fargo Maintains Bullish Stance
Wells Fargo analyst Ryan MacWilliams maintained an Overweight rating on Atlassian on Tuesday. Macwilliams lowered the price forecast from $155 to $120.
AI Shift Triggers Massive Layoffs
The company recently announced it will eliminate roughly 1,600 jobs worldwide. This represents about …
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