Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a research note issued to investors on Friday. They presently have a $44.00 price objective on the technology company’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 21.72% from the company’s previous close.

A number of other brokerages also recently issued reports 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 raised their price target for the stock from $35.00 to $45.00 in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $41.00 price target on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. Cowen and Company restated a “buy” rating and set a $43.00 price target on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Finally, BMO Capital Markets raised their price target on shares of Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Atlassian Corporation PLC has an average rating of “Buy” and an average price target of $40.50.

Atlassian Corporation PLC (TEAM) opened at 36.15 on Friday. The stock’s market cap is $8.16 billion. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $39.25. The firm’s 50 day moving average price is $35.43 and its 200 day moving average price is $34.02.

COPYRIGHT VIOLATION WARNING: “Atlassian Corporation PLC (TEAM) Stock Rating Reaffirmed by Canaccord Genuity” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/17/atlassian-corporation-plc-team-stock-rating-reaffirmed-by-canaccord-genuity.html.

Several large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of Atlassian Corporation PLC by 6.8% during the 1st quarter. Baillie Gifford & Co. now owns 10,793,259 shares of the technology company’s stock worth $323,259,000 after purchasing an additional 682,668 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Atlassian Corporation PLC during the 2nd quarter worth approximately $251,088,000. Janus Capital Management LLC boosted its position in shares of Atlassian Corporation PLC by 2.8% during the 1st quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock worth $212,971,000 after purchasing an additional 191,710 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Atlassian Corporation PLC by 16.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 6,017,450 shares of the technology company’s stock worth $180,223,000 after purchasing an additional 866,132 shares during the period. Finally, FMR LLC boosted its position in shares of Atlassian Corporation PLC by 148.8% during the 2nd quarter. FMR LLC now owns 5,448,713 shares of the technology company’s stock worth $191,686,000 after purchasing an additional 3,258,877 shares during the period. 78.57% of the stock is owned by hedge funds and other 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)

Receive News & Stock Ratings for Atlassian Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian Corporation PLC and related stocks with our FREE daily email newsletter.