- Mizuho analyst Gregg Moskowitz raised the firm's price target on Atlassian Corporation PLC TEAM to $310 from $285, implying a 19.5% upside, and reiterated a Buy rating.
- The economic recovery and recent software channel checks appeared very healthy overall, Moskowitz noted.
- Companies that enable digitization are still leading the way while many legacy and on-premise technologies continue to normalize.
- Additionally, his cybersecurity checks proved notably strong this quarter.
- Price action: TEAM shares closed higher by 0.05% at $259.36 on Thursday.
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