2 Cloud-Based Software Stocks in Focus Today

Two cloud-based software stocks are making moves today, for two very different reasons. Atlassian Corp (NASDAQ:TEAM) was upgraded to "overweight" from "neutral" at Piper Sandler, while Pure Storage Inc (NYSE:PSTG) was downgraded by UBS to "sell" from "neutral." The analyst in coverage at Piper Sandler also hiked their price target to $225 from $200, and is bullish on the risk/reward setup, calling Atlassian "one of the most durable companies in our coverage." TEAM was last seen up 2.5% to trade at $182.75, ...