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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 06:54 EDT
BMO Capital analyst Keith Bachman raised his price target on Atlassian to $155, saying his confidence level in the company's earnings upside potential is especially high ahead of this week's results. The analyst sees "upside tension" in Atlassian's expected revenues and billings while noting that its slight valuation premium relative to the software group average is driven by its durable business model and its solid free cash flow generation. Bachman still keeps his Market Perform rating on the shares.
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