BTIG raised the firm’s price target on Atlassian (TEAM) to $120 from $110 and keeps a Buy rating on the shares after its better-than-expected Q3 results and guidance phase. The company took a step in showing how it is turning AI into a competitive edge, with customers upgrading for AI credits, consuming 2-times more credits, and Rovo MCP users doubling their MRR growth, creating strong momentum heading into next week’s Team 2026 and Investor Forum, the analyst tells investors in a research note.
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