Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
jumped 8.1% in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Since October 2024, Atlassian has been in a holding pattern, posting a small return of 3.7% while floating around $200. However, the stock is beating the S&P 500’s 10.7% decline during that period.
What has Wall Street been buzzing about this week? Here is a quick look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of April 14-17, 2025.
Looking back on productivity software stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Asana (NYSE:ASAN) and its peers.
In the near term, Macquarie’s Steve Koenig expects Atlassian to beat its more conservative fiscal year 2025 guidance due to the 15-25% price increases on contracts renewing after Feb. 11
Wall Street trimmed steep losses in afternoon trading Thursday, following remarks from President Donald Trump, who expressed some optimism about reaching trade agreements, particularly with China.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
fell 5.5% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
Looking back on productivity software stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Atlassian (NASDAQ:TEAM) and its peers.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
jumped 6.4% in the afternoon session after stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
fell 7.4% in the afternoon session as markets tumbled after holding steady the previous day, while concerns over the ongoing trade war continued to spread. Investors briefly felt some optimism after the Trump administration said it would hold off on tariffs for automakers that met USMCA (United States-Mexico-Canada Agreement) rules. That helped the auto sector in particular, and there was perhaps some hope that the door was open to more broadly delaying tariffs. The sentiment seemed to be shifting in the other direction today, and the market is in 'risk-off' mode, with sectors such as tech seeing outsized declines.
As of this writing, the S&P 500 had fallen 7% from where it closed on February 19th and the Nasdaq Composite dropped 10% over the same period.
