Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. They presently have a $43.00 price objective on the technology company’s stock. Robert W. Baird’s price target would indicate a potential upside of 27.14% from the stock’s current price.

A number of other equities research analysts have also weighed in on TEAM. ValuEngine raised shares of Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $41.00 target price on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. BMO Capital Markets boosted their target price on shares of Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 7th. Zacks Investment Research raised shares of Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, July 14th. Finally, Morgan Stanley raised shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $45.00 in a report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.10.

Shares of Atlassian Corporation PLC (TEAM) traded up 6.80% during trading on Thursday, reaching $36.12. 800,122 shares of the company’s stock were exchanged. The stock’s market cap is $8.16 billion. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The stock’s 50 day moving average price is $35.66 and its 200-day moving average price is $33.95.

COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/14/atlassian-corporation-plcs-team-buy-rating-reiterated-at-robert-w-baird.html.

Several large investors have recently bought and sold shares of TEAM. Teachers Advisors LLC boosted its stake in shares of Atlassian Corporation PLC by 12.8% in the 4th quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock valued at $584,000 after purchasing an additional 2,755 shares during the last quarter. US Bancorp DE boosted its stake in Atlassian Corporation PLC by 132.9% during the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock worth $260,000 after acquiring an additional 4,948 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Atlassian Corporation PLC by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after acquiring an additional 480 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Atlassian Corporation PLC by 19.0% during the first quarter. UBS Asset Management Americas Inc. now owns 82,581 shares of the technology company’s stock worth $2,473,000 after acquiring an additional 13,212 shares in the last quarter. Finally, Teza Capital Management LLC bought a new position in Atlassian Corporation PLC during the first quarter worth $215,000. 78.57% of the stock is currently owned by institutional investors.

Atlassian Corporation PLC Company Profile

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.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian Corporation PLC and related companies with MarketBeat.com's FREE daily email newsletter.