Atlassian price target raised to $260 from $240 at Canaccord

Canaccord analyst David Hynes raised the firm’s price target on Atlassian to $260 from $240 and keeps a Buy rating on the shares. The firm thought Atlassian’s FQ2 results were pretty solid and they believe Atlassian is a company to which growth investors should have at least some exposure and recommend opportunistically adding to positions on pullbacks.