Robert W. Baird Reiterates “$43.00” Price Target for Atlassian Corporation PLC (TEAM)

Robert W. Baird set a $43.00 price objective on Atlassian Corporation PLC (NASDAQ:TEAM) in a research report report published on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $44.00 price target on shares of Atlassian Corporation PLC in a report on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Atlassian Corporation PLC in a report on Friday, September 8th. Zacks Investment Research raised shares of Atlassian Corporation PLC from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Friday, July 14th. Cowen and Company reaffirmed a buy rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Finally, BMO Capital Markets upped their price target on shares of Atlassian Corporation PLC from $33.00 to $40.00 and gave the company a market perform rating in a report on Friday, July 7th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $40.50.

Atlassian Corporation PLC (TEAM) opened at 38.67 on Friday. The firm has a 50-day moving average of $35.48 and a 200-day moving average of $34.78. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25. The stock’s market capitalization is $8.79 billion.

WARNING: “Robert W. Baird Reiterates “$43.00” Price Target for Atlassian Corporation PLC (TEAM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/09/robert-w-baird-reiterates-43-00-price-target-for-atlassian-corporation-plc-team.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC lifted its stake in shares of Atlassian Corporation PLC by 12.8% during the fourth quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock valued at $584,000 after buying an additional 2,755 shares during the period. US Bancorp DE lifted its stake in shares of Atlassian Corporation PLC by 132.9% during the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock valued at $260,000 after buying an additional 4,948 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Atlassian Corporation PLC by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after buying an additional 480 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Atlassian Corporation PLC by 19.0% during the first quarter. UBS Asset Management Americas Inc. now owns 82,581 shares of the technology company’s stock valued at $2,473,000 after buying an additional 13,212 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Atlassian Corporation PLC by 108.6% during the first quarter. Parametric Portfolio Associates LLC now owns 96,134 shares of the technology company’s stock valued at $2,879,000 after buying an additional 50,042 shares during the period. 78.57% of the stock is currently owned by institutional invest

Several other analysts also recently issued reports on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $44.00 price target on shares of Atlassian Corporation PLC in a report on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Atlassian Corporation PLC in a report on Friday, September 8th. Zacks Investment Research raised shares of Atlassian Corporation PLC from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Friday, July 14th. Cowen and Company reaffirmed a buy rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Finally, BMO Capital Markets upped their price target on shares of Atlassian Corporation PLC from $33.00 to $40.00 and gave the company a market perform rating in a report on Friday, July 7th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $40.50.

Atlassian Corporation PLC (TEAM) opened at 38.67 on Friday. The firm has a 50-day moving average of $35.48 and a 200-day moving average of $34.78. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25. The stock’s market capitalization is $8.79 billion.

WARNING: “Robert W. Baird Reiterates “$43.00” Price Target for Atlassian Corporation PLC (TEAM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/09/robert-w-baird-reiterates-43-00-price-target-for-atlassian-corporation-plc-team.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC lifted its stake in shares of Atlassian Corporation PLC by 12.8% during the fourth quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock valued at $584,000 after buying an additional 2,755 shares during the period. US Bancorp DE lifted its stake in shares of Atlassian Corporation PLC by 132.9% during the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock valued at $260,000 after buying an additional 4,948 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Atlassian Corporation PLC by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after buying an additional 480 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Atlassian Corporation PLC by 19.0% during the first quarter. UBS Asset Management Americas Inc. now owns 82,581 shares of the technology company’s stock valued at $2,473,000 after buying an additional 13,212 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Atlassian Corporation PLC by 108.6% during the first quarter. Parametric Portfolio Associates LLC now owns 96,134 shares of the technology company’s stock valued at $2,879,000 after buying an additional 50,042 shares during the period. 78.57% of the stock is currently owned by 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)

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