Atlassian Corporation PLC (NASDAQ:TEAM) Earning Somewhat Favorable News Coverage, Report Finds

News stories about Atlassian Corporation PLC (NASDAQ:TEAM) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlassian Corporation PLC earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.796798891801 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $44.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a research note on Thursday. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Atlassian Corporation PLC in a research note on Friday, September 8th. BTIG Research reissued a “neutral” rating on shares of Atlassian Corporation PLC in a research note on Tuesday, August 15th. Finally, Zacks Investment Research downgraded Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $40.50.

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

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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.

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