Atlassian (TEAM) stock inched higher on Aug. 26 after RBC Capital Markets initiated coverage on the enterprise software company with an “Outperform” rating. In his research note, analyst Matthew Hedberg assigned a $215 price target on TEAM, indicating potential upside of nearly 30% over the next 12 months.
His bullish call is particularly significant as Atlassian shares have already been in a sharp uptrend, currently up roughly 200% versus their year-to-date low.
