Canaccord analyst David Hynes raised the firm’s price target on Atlassian (TEAM) to $375 from $285 and keeps a Buy rating on the shares. The firm said they posted strong FQ2 results as momentum appears to be building across each of the firm’s core initiatives; enterprise, AI, and system of work. Atlassian is well positioned when it comes to AI via a combination of search capabilities, the depth and density of its teamwork graph, and the amount of data they are able to connect, and Canaccord remains optimistic when it comes to the enterprise opportunity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM:
- Atlassian price target raised to $365 from $310 at Piper Sandler
- Atlassian price target raised to $375 from $350 at Wells Fargo
- Atlassian (TEAM) Stock Rallies on Upbeat Q2 Earnings and Stellar Guidance
- Atlassian Reports Strong Q2 2025 Performance
- Closing Bell Movers: Atlassian up 19%, Apple gains 3% after results