Atlassian price target raised to $100 from $90 at Truist

Truist raised the firm’s price target on Atlassian (TEAM) to $100 from $90 and keeps a Buy rating on the shares. The company delivered an impressive Q3, with strong cloud execution, data center growth, and a rapidly scaling service collection narrative that converged to validate Atlassian’s system of work strategy, the analyst tells investors in a research note.