Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research note issued on Thursday. They presently have a $43.00 price target on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 27.14% from the company’s current price.

Several other equities analysts have also issued reports on TEAM. ValuEngine upgraded Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $41.00 price target on shares of Atlassian Corporation PLC in a research report on Friday, June 2nd. BMO Capital Markets raised their price target on Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, July 14th. Finally, Morgan Stanley upgraded Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $45.00 in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Atlassian Corporation PLC currently has an average rating of “Buy” and an average price target of $40.10.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) traded up 6.15% during trading on Thursday, reaching $35.90. The company’s stock had a trading volume of 647,472 shares. The stock’s 50 day moving average price is $35.66 and its 200-day moving average price is $33.95. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The stock’s market cap is $8.11 billion.

ILLEGAL ACTIVITY WARNING: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/14/atlassian-corporation-plc-team-stock-rating-reaffirmed-by-robert-w-baird.html.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Atlassian Corporation PLC by 895.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock worth $111,000 after buying an additional 2,848 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Atlassian Corporation PLC by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after purchasing an additional 46 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $215,000. BlueCrest Capital Management Ltd bought a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $221,000. Finally, US Bancorp DE boosted its position 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 purchasing an additional 4,948 shares in the last quarter. Hedge funds and other institutional investors own 78.57% of the company’s stock.

About Atlassian Corporation PLC

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)

Receive News & Ratings for Atlassian Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian Corporation PLC and related companies with MarketBeat.com's FREE daily email newsletter.