Mizuho Raises Price Target On Atlassian, Maintains Buy Rating

July 16, 2021 8:08 AM | 27 seconds read | Make a Comment

Mizuho analyst Gregg Moskowitz raised the firm's price target on Atlassian Corporation PLC TEAM to $310 from $285, implying a 19.5% upside, and reiterated a Buy rating.
The economic recovery and recent software channel checks appeared very healthy overall, Moskowitz noted.
Companies that enable digitization are still leading the way while many legacy and on-premise technologies continue to normalize.
Additionally, his cybersecurity checks proved notably strong this quarter.
Price action: TEAM shares closed higher by 0.05% at $259.36 on Thursday.