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Atlassian Analysts Increase Their Forecasts After Better-Than-Expected Earnings

1. Atlassian reported Q2 revenue of $1.29B, beating estimates. 2. Adjusted earnings were 96 cents per share, exceeding the 76 cents estimate. 3. Q3 revenue guidance is projected between $1.345B to $1.353B. 4. Fiscal year 2025 revenue growth expectations increased to 18.5% - 19%. 5. Analysts raised price targets, indicating positive outlook for Atlassian.

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FAQ

Why Bullish?

Positive earnings and revenue guidance could enhance investor confidence, similar to past quarterly beats.

How important is it?

Significant quarterly performance announcements directly influence stock valuations and investor sentiment.

Why Short Term?

Earnings results traditionally impact stock price promptly; analysts adjust expectations immediately post-announcement.

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