Analysts raise price target for Atlassian, stock up in premarket; retail mood lifts

From StockTwits: 2025-01-24 06:56:11

Atlassian, based in San Francisco, is set to report Q2 results on Jan. 30. Analysts at Jefferies raised the price target to $325, anticipating 22% upside potential. Stock has risen 9% in January. BMO Capital Markets upgraded the stock to ‘Outperform’ and raised the price target to $292. Truist upgraded to ‘Buy’ with a $300 price target. Oppenheimer named Atlassian as its top pick with a $300 price target. Consensus estimates for Q2 are non-GAAP EPS of $0.75 and revenue of $1.24 billion. Sentiment toward Atlassian improved to ‘bullish’ on Stocktwits. In premarket trading, the stock rose 0.13% to $266.05.



Read more at StockTwits: Atlassian Stock Ticks Up In Premarket After Another Analyst Price Target Hike: Retail Mood Lifts