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Fly News Breaks for January 24, 2020
TEAM
Jan 24, 2020 | 07:12 EDT
BMO Capital analyst Keith Bachman raised his price target on Atlassian to $165, noting that while he anticipated some "upside tension" in the company's revenue and billings going into its Q2 results, the amount of the upside reported was still higher. The analyst adds that Atlassian's guidance for FY20 may prove conservative due to the benefits of higher pricing changes, but he is keeping his Market Perform rating on the stock due to valuation.
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