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Citigroup Maintains Buy on Atlassian, Raises Price Target to $225
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BTIG Maintains Buy on Atlassian, Raises Price Target to $230
BTIG analyst Allan Verkhovski maintains Atlassian (NASDAQ:TEAM) with a Buy and raises the price target from $180 to $230.
Shares of software companies are trading lower as inflation concerns and elevated oil prices push U.S. and global bond yields higher, raising concerns that the Federal Reserve could tighten monetary policy later this month. Higher rates can weigh on growth stocks by making future profits less attractive.