Slack (NASDAQ:WORK) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of Slack (NASDAQ:WORK) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $44.00 price objective on the stock. KeyCorp also issued estimates for Slack’s Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at ($0.08) EPS, FY2020 earnings at ($0.44) EPS, Q1 2021 earnings at ($0.09) EPS, Q2 2021 earnings at ($0.09) EPS, Q3 2021 earnings at ($0.09) EPS, Q4 2021 earnings at ($0.08) EPS, FY2021 earnings at ($0.34) EPS and FY2022 earnings at ($0.23) EPS.

Several other equities analysts have also issued reports on the company. Morgan Stanley lowered their price target on Neon Therapeutics from $19.00 to $13.00 and set an overweight rating for the company in a research report on Tuesday. Canaccord Genuity assumed coverage on Slack in a research report on Monday. They issued a buy rating and a $40.00 price target for the company. Stephens assumed coverage on Slack in a research report on Thursday, July 11th. They issued an overweight rating and a $43.00 price target for the company. Robert W. Baird assumed coverage on Slack in a research report on Tuesday, June 25th. They issued an outperform rating and a $44.00 price target for the company. Finally, DA Davidson lifted their price target on Slack to $31.00 and gave the stock an average rating in a research report on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Slack presently has a consensus rating of Buy and a consensus price target of $38.78.

WORK opened at $32.00 on Tuesday. Slack has a 1 year low of $31.93 and a 1 year high of $42.00.

In other Slack news, CEO Stewart Butterfield sold 2,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $34.49, for a total value of $86,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Allen Shim sold 502,925 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.59, for a total value of $19,407,875.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,908,311 shares of company stock valued at $267,290,507.

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Analyst Recommendations for Slack (NASDAQ:WORK)

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