Scotiabank raised the firm’s price target on Atlassian (TEAM) to $250 from $175 and keeps a Sector Perform rating on the shares. After a mixed FY24, upside to Cloud & OMs should help bolster investor confidence, the analyst tells investors. Additionally, with management continuing to take a conservative stance to its FY25 guidance, the firm expects investor sentiment to shift more positively. Overall, the firm is encouraged by the “strong start” to the fiscal year.
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