Atlassian is trading at $143.20, up 29.85%, after fiscal Q4 revenue reached $1.77 billion, exceeding expectations.
- Adjusted EPS was $1.87 versus the $1.50 consensus, while cloud revenue grew 31% year over year.
- Management’s first-quarter revenue outlook exceeded analyst estimates; investors responded positively to stronger cloud demand and AI-product momentum.
- Bank of America upgraded the shares to Buy and raised its target to $175.