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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 06:38 EDT
Mizuho analyst Gregg Moskowitz raised his price target for Atlassian to $180 from $152 saying the company reported "impressive" fiscal Q2 results, with billings, revenue, and earnings all coming materially above Street estimates. While much of the billings and revenue upside was due to greater than expected pull-forward activity, the analyst estimates Atlassian would've still handily beat his estimates without that. He remains confident that the company's growth will be strong for the foreseeable future and reiterates a Buy rating on the shares.
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