Atlassian price target raised to $355 from $285 at Mizuho

Mizuho raised the firm’s price target on Atlassian (TEAM) to $355 from $285 and keeps an Outperform rating on the shares. The company’s performance in fiscal Q2 “was downright impressive,” the analyst tells investors in a research note. The firm says management also provided better than expected Q3 revenue and margin guidance, and significantly raised fiscal 2025 total revenue, cloud revenue, and operating margin guidance. Mizuho believes Atlassian’s multi-year growth prospects are better than most realize.