Atlassian (TEAM): New Buy Recommendation for This Technology Giant

By Jason Carr

Oppenheimer analyst Ittai Kidron maintained a Buy rating on Atlassian (TEAMResearch Report) yesterday and set a price target of $170.00. The company’s shares closed last Thursday at $155.49, close to its 52-week high of $158.98.

According to TipRanks.com, Kidron is a top 25 analyst with an average return of 30.7% and a 71.3% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Zoom Video Communications, and Slack Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atlassian with a $154.17 average price target.

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The company has a one-year high of $158.98 and a one-year low of $106.11. Currently, Atlassian has an average volume of 1.86M.

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Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in London, the United Kingdom.