Robert W. Baird raised target on Atlassian(TEAM:NSD) to $290 from $270.

STA Research
by: STA Research

Robert W. Baird analyst Robert Oliver maintained the Outperform rating on Atlassian and raised the target to $290 from $270.

Stocktargetadvisor has a average target of $278 and a consensus Buy rating on the stock.

STA Research’s analysis of the stock is Slightly Bullish with a score of 5.7 out of 10, where 0 is very bearish and 10 very bullish.

What to like

:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What to not like:

Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector

 

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