Atlassian price target raised to $245 from $222 at Macquarie

Macquarie raised the firm’s price target on Atlassian to $245 from $222 and keeps a Neutral rating on the shares. The company reported solid fiscal Q2 results as it crossed 300,000 customers, posted record billings, and achieved $1B in quarterly sales, the analyst tells investors in a research note. The firm remains cautious on the macro environment is “incrementally positive” on Atlassian’s position in 2024.