Why Atlassian Stock Was Moving Higher Today
Atlassian (TEAM) The Motley Fool·2024-04-11 22:41An analyst upgrade gave the software stock a boost.Shares of the collaboration-focused software company Atlassian (TEAM 4.84%) were moving higher on an analyst rating upgrade this morning and broader tailwinds in the tech sector, as a weaker-than-expected producer price index reading cooled inflationary fears after the hot CPI report on Wednesday.As a result, the stock finished Thursday's session up 4.8%. This cloud has a silver liningBarclays raised its rating on Atlassian from equal weight to overweight, ...