Atlassian price target raised to $285 from $275 at Wells Fargo

Wells Fargo raised the firm’s price target on Atlassian to $285 from $275 and keeps an Overweight rating on the shares. With the Server deadline now approaching, Atlassian has become among the most topical companies in software with focus shifting to post-migration Cloud growth, the firm says. Wells sees a reasonable path to 30%-plus cloud growth next two years.