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Investing.com - Cantor Fitzgerald maintained its Overweight rating and $240.00 price target on Atlassian Corporation (NASDAQ:TEAM) in a research note. According to InvestingPro data, the stock currently trades at $177.33, with analyst targets ranging from $196 to $480, suggesting significant potential upside.
The firm cited a significant opportunity for Atlassian to transition Data Center (DC) customers to its cloud platform in the coming years. Atlassian is developing FedRAMP High and Impact Level 5 environments to submit for authorization before the end of life (EOL) of its Data Center offering. The company’s impressive 82.84% gross profit margin and moderate debt levels position it well for this transition.
Cantor Fitzgerald expressed positive sentiment regarding Atlassian’s recent acquisition of The Browser Company of New York, which includes the Dia and Arc browsers. The acquisition was announced late last week.
The research firm also viewed favorably Monday’s announcement that Atlassian will end-of-life its Data Center offering, seeing this as an acceleration of the company’s strategy.
According to Cantor Fitzgerald, this shift reinforces Atlassian’s focus on developing "a single, cloud-based, AI- and data-driven teamwork platform."
In other recent news, Atlassian Corporation reported its Q4 2025 earnings, exceeding expectations with an earnings per share (EPS) of $0.98, compared to the forecasted $0.81. This represents a 20.99% earnings surprise, highlighting a strong performance despite broader market volatility. In addition to its earnings report, Atlassian announced a definitive agreement to acquire The Browser Company of New York for $610 million in cash, a deal that includes The Browser Company’s cash holdings. This acquisition, which involves the creators of the Dia and Arc browsers, was positively received by Raymond James, which reiterated its Outperform rating and maintained a $250.00 price target for Atlassian. William Blair also reiterated an Outperform rating for Atlassian, noting that the company trades at a slight discount compared to its large-cap software peers. These developments reflect a series of strategic moves and financial performances that keep Atlassian in the spotlight for investors.
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