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Fly News Breaks for April 28, 2017
TEAM
Apr 28, 2017 | 08:48 EDT
Oppenheimer analyst Ittai Kidron raised his price target for Atlassian to $40 from $35 after the company delivered "another strong quarter" with both revenue and earnings above expectations. The analyst believes there is room for more upside over the next year as recent strong billings are recognized, new price increases are incorporated, and Trello's fully incorporated. He reiterates an Outperform rating on the shares.
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