Atlassian (US:TEAM) Prnewswire·2026-02-12 23:51Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of Atlassian Corporation regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] Group 1: Investigation Details - The investigation is prompted by a recent downgrade from Citi, which cut its price target on Atlassian stock from $240 to $210, citing concerns over the quality of topline growth and disruption from code assistant platforms [1] - Following the downgrade, Atlassian's stock price dropped by $9.90 per share, or 7.71%, closing at $118.55 on January 16, 2026 [1] Group 2: Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of over 85 years in fighting for the rights of victims of securities fraud and corporate misconduct [1] - The firm has successfully recovered numerous multimillion-dollar damages awards for class members in the past [1]