Reported 1 day ago
Mizuho has reduced its price target for Atlassian Corporation (TEAM) from $265 to $235 while maintaining an Outperform rating. Despite a solid performance in Q4 with a 22% revenue increase to over $5.2 billion and $1.4 billion in free cash flow, guidance for FY26 suggested lower growth expectations than consensus. Nonetheless, Mizuho believes that Atlassian's multi-year growth potential, driven by large deals and cloud migrations, is underestimated.
Source: YAHOO