Oppenheimer raised the firm’s price target on Atlassian (TEAM) to $270 from $230 and keeps an Outperform rating on the shares. Altassian reported strong September quarter results driven by broad-based strength and better-than-expected Cloud growth, with management noting stronger-than-expected seat expansion across all product areas, healthy deal flow, and good customer engagement for Loom and Rovo, the analyst tells investors in a research note. Despite the tough macro, it was an excellent quarter, and while FY25 remains unsettled, Oppenheimer is encouraged by execution to date, leaving the firm bullish looking forward to new CRO Brian Duffy’s imprint on sales and ramping enterprise cross-sell activities.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TEAM:
- 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
- Atlassian price target raised to $265 from $225 at Piper Sandler
- Atlassian price target raised to $280 from $240 at Jefferies
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
