Fly News Breaks for January 27, 2020
Jan 27, 2020 | 20:50 EDT
Wells Fargo analyst Michael Turrin initiated coverage of Atlassian with an Overweight rating and $180 price target. The analyst is positive on the company's "frictionless inbound selling model" and its "balanced financial model" driving its "rare" combination of revenue growth of over 35% and free cash flow margin of over 30%. Turrin expects Atlassian to become the "next large-cap pillar" in software.
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