Truist Securities Maintains Hold on Atlassian, Raises Price Target to $200
Portfolio Pulse from jenniferd'souza@benzinga.com
Truist Securities analyst Joel Fishbein maintains a 'Hold' rating on Atlassian (NASDAQ:TEAM) and raises the price target from $150 to $200.

August 04, 2023 | 3:51 pm
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NEUTRAL IMPACT
Truist Securities maintains a 'Hold' rating on Atlassian and raises the price target from $150 to $200.
The news is directly related to Atlassian (TEAM). The 'Hold' rating suggests that the stock is expected to perform in line with the market or sector in the short term. The increase in price target from $150 to $200 indicates that the analyst sees potential for the stock's price to rise in the future, which could have a positive impact on investor sentiment. However, as the rating is 'Hold', the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100