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Fly News Breaks for January 13, 2020
Jan 13, 2020 | 07:12 EDT
Morgan Stanley analyst Keith Weiss upgraded Atlassian to Overweight from Equal Weight with a price target of $175, up from $145. "Solid" customer base growth combined with steady improvements in revenue per customer should sustain 30%-plus free cash flow growth thru fiscal 2022, ahead of consensus expectations, Weiss tells investors in a research note. He believes investors underestimate the multiple avenues of growth for Atlassian, making the shares "well priced."
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