Macquarie lowered the firm’s price target on Atlassian to $215 from $245 and keeps a Neutral rating on the shares. The company reported strong fiscal Q3 results as quarterly subscription revenue exceeded $1B for the first time, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM:
- Atlassian Co-Founder Transitions to Advisory Role
- Atlassian Stock (NASDAQ:TEAM): Analysts Expect Lots of Upside; They’re Probably Right
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Atlassian price target lowered to $240 from $265 at Mizuho
- Atlassian put volume heavy and directionally bearish
Questions or Comments about the article? Write to editor@tipranks.com