Truist raised the firm’s price target on Atlassian (TEAM) to $200 from $160 and keeps a Hold rating on the shares. The company delivered a strong beat to kick off FY25, driven by significant upside in Cloud growth and continued strength in Datacenter growth, the analyst tells investors in a research note. Atlassian continues to build out their enterprise sales motion as they execute on their cloud/datacenter strategy and announced the hiring of a new CRO to start on Jan. 1, 2025, the firm added.
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