Pacific Crest Starts Atlassian Corporation (TEAM) at Sector Weight

November 15, 2016 7:15 AM EST
Get Alerts TEAM Hot Sheet
Price: $26.91 --0%

Rating Summary:
    9 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 6
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Pacific Crest initiated coverage on Atlassian Corporation (NASDAQ: TEAM) with a Sector Weight rating.

Analyst Ben McFadden said, "TEAM provides a unique product-first model that is increasingly driving adoption outside of IT, and the company has an opportunity to better monetize its installed base through Data Center. However, with less than 20% upside to our near-term fair value of $33, we are initiating at Sector Weight."

For an analyst ratings summary and ratings history on Atlassian Corporation click here. For more ratings news on Atlassian Corporation click here.

Shares of Atlassian Corporation closed at $27.59 yesterday.

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