Atlassian Corporation (TEAM) PT Raised to $500 at Canaccord Genuity
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Go back to Atlassian Corporation (TEAM) PT Raised to $500 at Canaccord Genuity
October 29, 2021 7:11 AM EDT
Cowen analyst Derrick Wood raised the price target on Atlassian Corporation (NASDAQ: TEAM) to $380.00 (from $360.00) while maintaining a Market Perform rating.
The analyst commented, "TEAM reported 1Q billings growth of 30%, above our/Street ests of 28%/22%, though the 6% $ upside vs. Street was... More
October 29, 2021 6:21 AM EDT
Shares of Atlassian (NASDAQ: TEAM) are up almost 8% in pre-open Friday after the company reported better-than-expected FQ1 results.
Atlassian reported a Q1 EPS of $0.46 to beat the analyst estimate of $0.40. Revenue for the quarter came in at $614 million versus the consensus estimate of $582.32 million.
We continue to deliver value to our customers and innovate across all three of our core markets. One example were most proud of is Jira Service Management being named the sole visionary in Gartners 2021 Magic Quadrant... More
