Atlassian Corporation PLC (TEAM) PT Set at $43.00 by Robert W. Baird

Atlassian Corporation PLC (NASDAQ:TEAM) received a $43.00 target price from Robert W. Baird in a research note issued on Friday, October 6th. The brokerage presently has a “buy” rating on the technology company’s stock. Robert W. Baird’s price objective indicates a potential upside of 8.72% from the stock’s previous close.

A number of other research firms have also recently commented on TEAM. Zacks Investment Research upgraded shares of Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, July 14th. Morgan Stanley upgraded shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $45.00 in a report on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and set a $44.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, September 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Atlassian Corporation PLC in a research report on Monday, September 18th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Atlassian Corporation PLC currently has a consensus rating of “Buy” and a consensus target price of $40.50.

Atlassian Corporation PLC (NASDAQ TEAM) opened at 39.55 on Friday. The firm’s market cap is $8.99 billion. The stock has a 50 day moving average of $36.10 and a 200 day moving average of $35.24. Atlassian Corporation PLC has a one year low of $23.80 and a one year high of $40.95.

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A number of hedge funds have recently made changes to their positions in the stock. Paulson & CO. Inc. grew its position in Atlassian Corporation PLC by 152.8% during the 2nd quarter. Paulson & CO. Inc. now owns 397,900 shares of the technology company’s stock valued at $13,998,000 after purchasing an additional 240,485 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Atlassian Corporation PLC during the 2nd quarter valued at about $12,263,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Atlassian Corporation PLC by 542.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 28,296 shares of the technology company’s stock valued at $995,000 after acquiring an additional 23,891 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Atlassian Corporation PLC by 151.7% during the 2nd quarter. California State Teachers Retirement System now owns 130,281 shares of the technology company’s stock valued at $4,583,000 after acquiring an additional 78,525 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Atlassian Corporation PLC by 895.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after acquiring an additional 2,848 shares during the last quarter. 78.57% of the stock is currently owned by institutional investors.

Atlassian Corporation PLC Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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