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Why Atlassian Stock Just Exploded

TheMotleyFool 
0 0 01.05.26
Why Atlassian Stock Just ExplodedPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Atlassian (NASDAQ: TEAM) stock exploded 22.6% higher through 10:15 a.m. ET Friday after crushing on its fiscal Q3 2026 earnings report last night.

Heading into the quarter, analysts had forecast the IT specialist to earn $0.98 per share, non-GAAP, on sales of $1.6 billion. In fact, Atlassian earned $1.75 per share on sales of $1.8 billion.

Image source: Getty Images.

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Source Fool.com

Atlassian Corp. Stock

€144.00
6.230%
Atlassian Corp. dominated the market today, gaining €8.40 (6.230%).
With 7 Buy predictions and not the single Sell prediction the community is currently very high on Atlassian Corp..
However, we have a potential of -6.25% for Atlassian Corp. as the target price of 135 € is below the current price of 144.0 €.
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