Atlassian reiterated as a ‘Top Pick’ at Morgan Stanley

Morgan Stanley introduced a “Best Athletes” framework, assessing a software vendor’s fitness or structural qualities enabling them to outperform in this environment, noting that the firm views Atlassian (TEAM) as a “Best Athlete,” with efficient innovation, leadership across key markets, balanced growth and profit, and a proven ability to manage transitions. Given its market leadership and strong value proposition, enabling multiple growth levers and margin expansion, the firm reiterates the stock as a “Top Pick” with an Overweight rating and $320 price target