Analysts raised their price targets (PT) on Atlassian Corporation PLC (TEAM) following its Q1 earnings success. Mizuho analyst Gregg Moskowitz raised the PT to $525 from $440, implying a 17 percent upside, and reiterated a Buy. Moskowitz notes that the company reported “very strong” fiscal Q1 results, with significantly accelerating subscription revenue growth and robust customer adds. Within subscription, all cloud signals appear to be “trending very positively,” including revenue growth, free-to-paid conversions, premium edition uptake, and migration activity, says the analyst. Baird analyst Rob Oliver raised the PT to $520 from $400 and maintained an Outperform. The analyst said they see datacenter customers migrate to the cloud faster and at the top of the funnel, expanding workflow opportunity and the robust Atlassian partner network and platform as key drivers. Canaccord analyst David Hynes raised the PT to $500 from $325 and affirmed a Buy. The analyst said The firm once again raised expectations for near-term …