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Fly News Breaks for January 18, 2019
TEAM
Jan 18, 2019 | 08:59 EDT
KeyBanc analyst Alex Kurtz maintained an Overweight rating on Atlassian and raised his price target to $110 from $89 citing an upward bias to FY19/FY20 estimates. In a research note to investors, Kurtz says Atlassian continues to demonstrate strong pricing power within its customer base and believes the company's core product areas can sustain 30% growth over the next few years due to pricing increases as well as enhanced product cross-sell.