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A statement released earlier today by BMO Capital Markets about Atlassian Corporation (NDAQ:TEAM) raises the target price to $40.00

BMO Capital Markets bumped up the target price of Atlassian Corporation (NDAQ:TEAM) to $40.00 indicating a possible upside of 0.13%.

Previously on 5/02/2017, Oppenheimer reported on Atlassian Corporation (NDAQ:TEAM) increased the target price from $35.00 to $40.00 that indicated a possible upside of 0.09%.

Just yesterday Atlassian Corporation (NDAQ:TEAM) traded 1.96% higher at $35.50. TEAM’s 50-day average is $35.76 and its two hundred day average is $32.85. With the last close up 7.94% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Trade Volume was down over the average, with 421,775 shares of TEAM changing hands under the typical 662,681

See Chart Below

Atlassian Corporation (NDAQ:TEAM)

Atlassian Corporation has a 52 week low of $23.80 and a one year high of $39.25 TEAM’s market cap is currently $0.

General Information About Atlassian Corporation (NDAQ:TEAM)

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. JIRA allows teams to organize their work into projects and customize dashboards for those projects to keep their teams aligned and on track. Confluence provides a system for organizing, sharing and securing content in spaces arranged by team, project, department and others. The Company also offers additional tools for software developers, such as FishEye, Clover, Crowd, Crucible, Bamboo and SourceTree.

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