Atlassian Reaches Analyst Target Price
March 12, 2018 at 10:54 AM EDT
In recent trading, shares of Atlassian Corp PLC (TEAM) have crossed above the average analyst 12-month target price of $60.33, changing hands for $61.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..