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Fly News Breaks for July 27, 2018
TEAM
Jul 27, 2018 | 07:52 EDT
Canaccord analyst Richard Davis raised his price target on Atlassian to $85 from $65 following solid Q2 results. He noted the company raised its guidance and posted "best in class" growth and margins metrics. He said the shares are at the high end of an attractive range, but he believes the results could embolden investors to push the shares higher by as much as 10-15% over the next 12 months. Davis reiterated his Buy rating on Atlassian.
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