Raymond James raised the firm’s price target on Atlassian (TEAM) to $250 from $200 and keeps an Outperform rating on the shares. Atlassian’s Q1 results were above expectations, with Cloud growth flipping from multiple quarters of disappointment to the largest upside since introducing quarterly guidance on this metric, the analyst tells investors in a research note.
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Read More on TEAM:
- Atlassian price target raised to $270 from $230 at Oppenheimer
- Atlassian price target raised to $250 from $175 at Scotiabank
- Atlassian price target raised to $300 from $250 at Wells Fargo
- Atlassian price target raised to $200 from $175 at Baird
- Atlassian price target raised to $255 from $225 at Canaccord
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