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Why Bernstein Is Bullish on Atlassian (TEAM) After Browser Co & DX Deals

Atlassian Corporation (NASDAQ:TEAM) is one of the AI Stocks in the Spotlight This Week. On September 23, Bernstein SocGen Group analyst Peter Weed reiterated an Outperform rating on the stock with a 296.00pricetarget.TheratingaffirmationfollowsAtlassianstworecentacquisitions,bothofwhichareexpectedtoclosebeforetheendoftheyear.ThefirstofthetwoacquisitionsisBrowserCofor296.00 price target. The rating affirmation follows Atlassian’s two recent acquisitions, both of which are expected to close before the end of the year. The first of the two acquisitions is Browser Co for 610M, while the other is DX for $1B. The firm believes that both of the acquisitions are a “nice fit” fo ...