Truist analyst Joel Fishbein upgraded Atlassian (TEAM) to Buy from Hold with a price target of $300, up from $250. The firm says there is “still room for upside from here.” Atlassian has a favorable model setup for the year a “unique” artificial intelligence opportunity, and the potential for margin upside that is currently underappreciated by the Street, the analyst tells investors in a research note. Truist believes Atlassian has the most favorable near term model setup out of the companies in its infrastructure coverage.
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