Atlassian price target raised to $112 from $106 at Barclays

Barclays raised the firm’s price target on Atlassian (TEAM) to $112 from $106 and keeps an Overweight rating on the shares. The firm says the company’s annual recurring revenue disclosure validates the improving trajectory of its growth algorithm. Atlassian at its investor forum emphasized clear enterprise momentum, the analyst tells investors in a research note.