Atlassian price target raised to $240 from $205 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Atlassian to $240 from $205 and keeps a Buy rating on the shares. The company reported better than expected fiscal Q4 results and total revenue was healthy, the analyst tells investors in a research note. The firm says Atlassian remains one of its best ideas over the next 12 months.