Cantor Fitzgerald raised the firm’s price target on Atlassian (TEAM) to $304 from $264 and keeps a Neutral rating on the shares. Atlassian reported a “solid” Q2 and Q3 outlook, driven by strong Enterprise, AI, and pricing, and Cloud revenue was partially driven by better-than-expected seat expansion and migrations, the analyst tells investors in a research note. The firm believes the raised fiscal 2025 guidance remains conservative.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM:
- Atlassian price target raised to $370 from $315 at Morgan Stanley
- Atlassian price target raised to $325 from $270 at Bernstein
- Atlassian price target raised to $380 from $300 at Oppenheimer
- Atlassian price target raised to $320 from $250 at Baird
- Atlassian price target raised to $365 from $315 at KeyBanc