Mizuho reduces the price of ATLASSIAN (the team) targeted to 235 dollars, but it is witnessing a strong multi -year growth in the future

Atlasia (NASDAQ:a teamHe is one of AI’s hot stocks on the Wall Street radar. On August 8, the Mizuho Grego Moskowitz analyst reduced the target price to $ 235.00 (from $ 265.00) while maintaining the superior performance classification.

Atlasian reported strong results in the fourth quarter, with total revenues increased by 22 % to more than 5.2 billion dollars and exceeding street estimates. The company also told $ 1.4 billion in the free cash flow of 25.

The administration pointed to a great momentum in large deals and healthy cloud immigration activity as basic engines behind the strong ATlassian growth. However, the company noted that the 26 fiscal guidelines were less than unanimity as expected, but a little higher than the side purchasing expectations. It is also believed that the company’s growth prospects are reduced.

Financial analyst at a trading office, monitors large -scale investments in actual time.

“Meanwhile, the 26 % fiscal guidelines of 18 % of revenue growth were lower than consensus as expected, although it was a little higher than our expectations and purchase. On a larger scale, we still believe that multiple growth opportunities in the team are better than their awareness, and this includes $ 235.

Atlassian Corporation (NASDAQ: Team) is a global software company that designs, develops, licenses and maintains different software products around the world.

While we admit the team’s capabilities as an investment, we believe that some artificial intelligence shares provide greater potential in the upward direction and carry less risks on the negative side. If you are looking for a stock of artificial intelligence with less than very apprecia The best inventory of artificial intelligence in the short term.

Read the following: The 15 best stocks of artificial intelligence take Wall Street via the storm and 10 highly flying stocks of artificial intelligence this week.

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