Analysts Bump up Atlassian Price Target Post Q1 Beat

Flags adorning the head office of tech start-up Atlassian in Sydney, Australia, on Dec. 8, 2015. William West/AFP via Getty Images

Analysts raised their price targets (PT) on Atlassian Corporation PLC (TEAM) following its Q1 earnings success.

Mizuho analyst Gregg Moskowitz raised the PT to $525 from $440, implying a 17 percent upside, and reiterated a Buy.