Macquarie upgrades Atlassian on product momentum and attractive valuation
Investing.com -- Macquarie upgraded Atlassian Corp Plc (NASDAQ:TEAM) to "Outperform" from "Neutral" pointing to growing cross-departmental adoption, favourable near-term revenue catalysts, and an improved valuation profile. The firm set a new 12-month price target of $270, implying a 29% total shareholder return from current levels. Macquarie sees upside risk to FY25 revenue guidance, in part due to 15–25% Data Center price increases on post-February renewals. Longer-term, customer feedback sugg