On July 29, Atlassian Corporation PLC rose 5.08% in regular trading, trading at $105.215 per share with turnover of $214 million. The gain was driven by a continued oversold rebound across the U.S. software sector.

Atlassian had previously suffered a cumulative decline exceeding 15% over consecutive trading sessions, as market concerns intensified over AI potentially disrupting traditional software business models. The broader sector has since staged a multi-day recovery, with peers Salesforce gaining 4.0% and Adobe rising 5.71% in the same session. Oppenheimer has maintained its outperform rating and a $110 price target on the stock, citing the company's long-term positioning as a beneficiary of enterprise AI workflow tool adoption and noting current valuation attractiveness. Atlassian's next earnings report is scheduled for August 6, with consensus EPS expected at $0.32.

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