While currently unprofitable, InvestingPro analysis indicates analysts expect the company to turn profitable this year. Discover more insights with InvestingPro's comprehensive research report, covering 1,400+ top US stocks. In other recent news, Atlassian Corporation announced a definitive agreement to acquire engineering intelligence company DX for approximately $1 billion in cash and restricted stock. This acquisition aims to enhance Atlassian's ability to measure the effectiveness of AI investments in engineering teams by integrating DX into its suite of tools. Mizuho reiterated an Outperform rating on Atlassian, maintaining a $235.00 price target following this announcement. Similarly, Cantor Fitzgerald upheld its Overweight rating with a $240.00 price target, noting the potential for Atlassian to transition Data Center customers to its cloud platform.