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The Fear & Greed Index measures market sentiment based on fear and greed levels, showing little change on Friday at a Greed level of 66.6.
A broad rally led by Twilio Inc., Intel Corporation, and Nokia Corporation highlights strong earnings momentum and bullish outlooks driving large-cap winners.
Macquarie analyst Steve Koenig maintains Atlassian (NASDAQ:TEAM) with a Outperform and lowers the price target from $150 to $130.
UBS analyst Karl Keirstead maintains Atlassian (NASDAQ:TEAM) with a Neutral and lowers the price target from $105 to $95.
Citigroup analyst Fatima Boolani maintains Atlassian (NASDAQ:TEAM) with a Buy and lowers the price target from $160 to $110.
Stocks traded mixed, with Dow down 0.1% but NASDAQ up 1.06%. Chevron reported mixed Q1 results. Esperion, Five9, Atlassian soared while Summit, Crescent, LendingTree fell.
TD Cowen analyst Derrick Wood maintains Atlassian (NASDAQ:TEAM) with a Hold and raises the price target from $85 to $105.
US stocks traded higher, with the Nasdaq up 1%. Dow up 0.05%, Nasdaq up 1.13%, S&P 500 up 0.58%. Tech shares jumped 1.6%, energy stocks fell 1.5%.
Truist Securities analyst Joel Fishbein maintains Atlassian (NASDAQ:TEAM) with a Buy and raises the price target from $90 to $100.
U.S. stocks hit fresh records as Apple's blowout Q2 powered Big Tech, while crude oil sank 3% on Hormuz news and Trump set 25% EU auto tariffs.
Piper Sandler analyst Rob Owens maintains Atlassian (NASDAQ:TEAM) with a Overweight and lowers the price target from $200 to $175.
Barclays analyst Raimo Lenschow maintains Atlassian (NASDAQ:TEAM) with a Overweight and raises the price target from $100 to $106.
Cantor Fitzgerald analyst Thomas Blakey maintains Atlassian (NASDAQ:TEAM) with a Overweight and raises the price target from $98 to $107.
Atlassian Corp (NASDAQ:TEAM) shares are trading higher Friday after better-than-expected Q3 results and a BTIG price-target hike to $120.
(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and the headline were updated in the story.) U.S. stock futures shed earlier losses to advance on Friday morning, following Thursday's record advances following mega-cap earnings.
BTIG analyst Allan Verkhovski maintains Atlassian (NASDAQ:TEAM) with a Buy and raises the price target from $110 to $120.
Twilio Inc (NYSE: TWLO) reported strong Q1 results and raised future sales guidance above estimates, causing shares to jump 20.6% in pre-market trading. Other gainers include CUE, SST, AKAN, XXII, SDOT, TEAM, ISPC, and FIVN, while BAFN, RBLX, SKBL, and RNTX were among the losers.
Here's a detailed look inside the Q3 earnings report from Atlassian.
Atlassian (NASDAQ:TEAM) sees Q4 sales of $1.653 billion-$1.661 billion vs $1.659 billion analyst estimate.
Atlassian (NASDAQ:TEAM) reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.32 by 32.58 percent. This is a 80.41 percent increase over earnings of $0.97 per share from the same
Spotify says AI is doubling employee productivity and accelerating growth while keeping headcount largely flat.
BTIG analyst Allan Verkhovski maintains Atlassian (NASDAQ:TEAM) with a Buy and lowers the price target from $140 to $110.
Dow futures fall 200 pts, ASGN stock drops 25.2% after missing earnings estimates. Other stocks declining in pre-market trading. Photo: Shutterstock
Barclays analyst Raimo Lenschow maintains Atlassian (NASDAQ:TEAM) with a Overweight and lowers the price target from $165 to $100.
Oppenheimer analyst Ittai Kidron maintains Atlassian (NASDAQ:TEAM) with a Outperform and lowers the price target from $150 to $100.
BWG Global downgrades Atlassian (NASDAQ:TEAM) from Positive to Mixed.
Morgan Stanley analyst Keith Weiss maintains Atlassian (NASDAQ:TEAM) with a Overweight and lowers the price target from $290 to $120.
TD Cowen analyst Derrick Wood maintains Atlassian (NASDAQ:TEAM) with a Hold and lowers the price target from $140 to $85.
U.S. stocks were mixed at midday Wednesday as tech stocks rallied while industrials dragged the Dow lower. Oil held above $90 and yields ticked higher, reflecting lingering geopolitical risk.
Canaccord Genuity analyst David Hynes maintains Atlassian (NASDAQ:TEAM) with a Buy and lowers the price target from $185 to $150.
SNDK pulls back Tuesday after a record AI-fueled run. Analysts hike targets to $1,250 as SanDisk preps for its historic Nasdaq-100 debut.
Mizuho analyst Gregg Moskowitz maintains Atlassian (NASDAQ:TEAM) with a Outperform and lowers the price target from $185 to $145.
Game Of Attrition
Sandisk shares rise premarket after the company announced it will join the Nasdaq-100 Index on April 20, replacing Atlassian.
Macro concerns, AI competition, and analyst downgrades drove broad weekly losses across software and cloud stocks, led by Akamai, Okta, and Cloudflare.
American worker optimism falls as AI reshapes hiring and job growth slows, Gallup's 2026 workplace report finds.
Oil's blistering rally and crypto's stumble made the first quarter of 2026 feel like a regime change rather than a routine quarter.
Keybanc analyst Jason Celino maintains Atlassian (NASDAQ:TEAM) with a Overweight and lowers the price target from $170 to $130.
Hedge fund manager Eric Jackson, best known for his ultra-bullish call on Opendoor, is taking a bearish stance on SaaS stocks.