- Mizuho analyst Gregg Moskowitz reiterated a Buy on Atlassian Corporation Plc (NASDAQ:TEAM) and a $360 price target with the company remaining a top pick.
- He attended TEAM’s inaugural work management event in SF, called Work Life.
- Work management represents a growing source of investment for TEAM. At the event, management emphasized a high degree of integration and collaboration among the four products contained within this group.
- Management also announced Atlassian Together, a new suite of work management products that he believes would typically translate to a significant price uplift for customers that adopt it.
- He remains confident that TEAM can benefit from its strategic actions, which should drive much better cloud adoption and overall monetization in FY23 and beyond.
- Price Action: TEAM shares traded higher by 1.18% at $214.84 on the last check Friday.
Crude Oil Edges Higher; Colgate-Palmolive Posts Upbeat Earnings
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 250 points on Friday.
The Dow traded up 0.42% to 35,432.07 while the NASDAQ rose 1.79% to 14,301.74. The S&P 500, also rose, gaining, 0.87% to 4,576.83.
