Raymond James Sticks to Their Hold Rating for Atlassian (TEAM)


Raymond James analyst Robert Majek reiterated a Hold rating on Atlassian (TEAM) today. The company’s shares closed last Thursday at $210.72, close to its 52-week high of $216.30.

According to TipRanks.com, Majek is a 1-star analyst with an average return of -7.3% and a 17.4% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and ServiceNow.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atlassian with a $221.55 average price target, implying a 5.0% upside from current levels. In a report released today, Truist Financial also downgraded the stock to Hold.

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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 1.71M.

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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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