Why Atlassian Stock Popped on Friday
Two Wall Street analysts "teamed" up to lift Atlassian Corporation (NASDAQ: TEAM) stock 2% through 11 a.m. ET Friday morning. In twin notes, both Goldman Sachs and Morgan Stanley urged investors to pile into Atlassian stock, which has been lagging the S 500 by 35% over the past 52 weeks.
Goldman Sachs' note reiterated its previous buy recommendation and $230 price target on the IT stock. Morgan Stanley, on the other hand, upgraded Atlassian stock from "overweight" to "top pick," with a new $224 price target.
According to Goldman Sachs, Atlassian is currently one of the "top five AI vendors" and is seeing "huge growth" from its artificial intelligence (AI) products, skilled at helping customers integrate Atlassian products with other AI products from vendors, such as Microsoft and ServiceNow.
Source Fool.com
Atlassian Corp. Stock
Atlassian Corp. is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 135 € there is a slightly positive potential of 3.69% for Atlassian Corp. compared to the current price of 130.2 €.
