Atlassian (TEAM) Gets a Hold Rating from Needham


Needham analyst Jack Andrews reiterated a Hold rating on Atlassian (TEAM) today. The company’s shares closed last Tuesday at $196.52.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 23.8% and a 67.6% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and Pegasystems.

Currently, the analyst consensus on Atlassian is a Strong Buy with an average price target of $222.36.

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The company has a one-year high of $216.30 and a one-year low of $110.01. Currently, Atlassian has an average volume of 1.69M.

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Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in London, the United Kingdom.

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