KeyBanc raised the price target on Atlassian (TEAM) to $315 from $260 and keeps an Overweight rating on the shares following the firm’s second half of 2024 CIO Survey, which is positive but not overwhelmingly so. KeyBanc cites 46-times FY26 EV/free cash flow, based on incremental confidence around near-term developer hiring and vendor consolidation trends.
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