Raymond James analyst Adam Tindle lowered the firm’s price target on Atlassian (TEAM) to $250 from $300 and keeps an Outperform rating on the shares. Atlassian’s Q4 results featured upside to most key metrics, the analyst tells investors in a research note. The cloud value proposition has recently tripled, which should ultimately lead to better migration activity over the course of this coming year, the firm says.
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