Atlassian Analyst Sees It Driving Better Cloud Adoption, Monetization; Maintains As Top Pick

Anusuya Lahiri

September 30, 2022

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.

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