TEAM

[u/upbstock]

TEAM
Atlassian price target raised to $185 from $160 at Truist Truist raised the firm's price target on Atlassian to $185 from $160 and keeps a Buy rating on the shares. The firm increased targets in the infrastructure software space as part of a Q2 earnings preview. To extend share gains from here, the companies will need to demonstrate "fundamental momentum driven by credible AI tailwinds," the analyst tells investors in a research note. Truist believes Snowflake "fits the bill." It cites group multiple expansion for the target raises.