- Mizuho Analyst Gregg Moskowitz reiterated a buy Atlassian Corporation Plc TEAM and a price target of $360, with the company staying a top choice.
- He attended TEAM’s first work management event in SF called “Work Life”.
- Labor management is a growing source of investment for TEAM. At the event, management emphasized a high level of integration and collaboration between the four products in this group.
- Management also announced Atlassian Together, a new suite of work management products that it believes would typically result in a significant price increase for customers who adopt them.
- He remains confident that TEAM can benefit from his strategic moves that should result in much better cloud adoption and overall monetization in FY23 and beyond.
- Price promotion: TEAM shares traded 1.18% higher to $214.84 on the last check Friday.
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