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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 06:05 EDT
Cowen analyst J. Derrick Wood raised his price target for Atlassian to $160 from $152 saying the company reported a "big beat" with fiscal Q2 billings growth of 39% well above Street at 23%. The size of the beat, the tone of management and the breadth of Atlassian's "growth engines should keep investors happy," Wood tells investors in a post-earnings research note. He keeps an Outperform rating on the shares.
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