Atlassian enacts another price increase for data center products, says Mizuho

Mizuho learned this morning that Atlassian (TEAM) announced additional price increases to its flagship on-premise Data Center products known as Jira, Confluence, and Jira Service Management, the analyst tells investors. The firm, which estimates the blended impact for these SKUs is a roughly high-teens increase, adding that “today’s announcement landed right where we thought it would,” keeps an Outperform rating and $245 price target on Atlassian shares.