Media headlines about Atlassian Corporation PLC (NASDAQ:TEAM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlassian Corporation PLC earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.127790967609 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Atlassian Corporation PLC (NASDAQ TEAM) traded up 1.96% during midday trading on Friday, hitting $35.46. The company’s stock had a trading volume of 421,775 shares. The company’s market cap is $8.01 billion. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The stock has a 50 day moving average of $35.75 and a 200 day moving average of $32.80.

A number of equities research analysts recently weighed in on TEAM shares. Morgan Stanley upgraded Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $41.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday, June 2nd. BMO Capital Markets restated a “market perform” rating and set a $42.00 price objective (up previously from $40.00) on shares of Atlassian Corporation PLC in a research report on Wednesday, July 26th. Guggenheim restated a “neutral” rating and set a $29.00 price objective on shares of Atlassian Corporation PLC in a research report on Tuesday, April 18th. Finally, Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.73.

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About Atlassian Corporation PLC

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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