Barclays Upgrades Atlassian to Overweight, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams upgraded Atlassian (NASDAQ:TEAM) from Equal-Weight to Overweight and increased the price target from $235 to $275.
April 11, 2024 | 11:59 am
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Barclays upgraded Atlassian to Overweight from Equal-Weight and raised its price target to $275 from $235.
Upgrades by major analysts like Barclays often lead to positive short-term price movements as they reflect a bullish outlook on the company's future performance. The increase in price target further emphasizes the analyst's confidence in the company's growth potential.
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