Mizuho reiterates a Buy rating and $240 price target on Atlassian after having learned that the company has announced a series of price increases to the Cloud versions of flagship products Jira Software, Confluence, and Jira Service Management. The new pricing will be effective one month from now and equate to a roughly mid-single-digit raise, though this year Atlassian has increased pricing for Jira Service Management by “upwards of 20%,” the analyst tells investors.
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