Atlassian Corporation (TEAM) PT Raised to $320 at TD Cowen

TD Cowen analyst Derrick Wood raised the price target on Atlassian Corporation (NASDAQ: TEAM) to $320.00 (from $280.00) while maintaining a Hold rating.

The analyst commented, "TEAM reported 2Q growth of 21%, above Street at 17%, w/ the ~4% beat above last qtr's ~3% beat. Strength was driven by continued stability in the macro & SMB markets, alongside strong seasonal enterprise sales execution. FY25 guide was again raised, with Cloud growth guide revised up ~250bps to +26.5%, a bigger raise than last qtr. Shares gap up into healthy valuations. Maintain Hold. PT to $320."

You May Also Be Interested In

• Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
• Active options: NVDA TSLA MU SPCX AAPL AMZN MSFT META INTC
• Stifel on EyePoint Inc. (EYPT): 'we think these data bode well for LUCIA (expected October) barring another unusual asymmetry'