Shares in Australian software giant Atlassian have continued to plummet after Friday’s earnings announcement, shedding almost $US10 billion in value over the weekend, but analysts from UBS and Citi say they think the stock price will recover.
Shares in Atlassian declined 14.7 per cent to $217.39 on Saturday in Australia, but Citi’s US-based analysts reaffirmed the stock is a “buy” and gave a $US280 price target.
Loading...
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
