UBS has lowered its price target for Atlassian (TEAM) from $230 to $215, maintaining a Neutral rating due to emerging sales and macroeconomic challenges. Despite this, analysts project an average target price of $299.63, indicating a potential upside of 42.03% from the current price of $210.96. In Q3, Atlassian reported total revenue of $1.4 billion, with cloud revenue growing 25% year-over-year and a free cash flow margin of 47%. The company also boasts over 1.5 million monthly active AI users and has achieved FedRAMP moderate authorization for its government cloud services.