Atlassian (TEAM) Stock: $360 Price Target And Buy Rating

By Amit Chowdhry ● May 16, 2022
  • The shares of Atlassian Corporation (NASDAQ: TEAM) have received a $360 price target from Mizuho. These are the details.

The shares of Atlassian Corporation (NASDAQ: TEAM) have received a $360 price target from Mizuho. And Mizuho Securities analyst Greg Moskowitz is maintaining a “Buy” rating on the shares.

A couple of weeks ago, Atlassian reported its third-quarter results. For the third-quarter Atlassian reported a Q3 EPS of $0.47, which was $0.15 higher than analyst estimates of $0.32. And the revenue for the quarter was $740 million compared to the consensus estimate of $700.72 million.

In terms of guidance, Atlassian expects a Q4 2022 EPS of $0.24, compared to the consensus of $0.30. And Atlassian expects Q4 2022 revenue of between $710 million and $725 million, compared to the consensus of $710 million.

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