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Goldman Sachs Downgrades Slack To Sell On Competition Risk
Friday, June 19, 2020 - 9:22am | 344Slack Technologies Inc (NYSE: WORK) has been an obvious beneficiary of the pandemic and the resulting remote-work trend. However, one analyst anticipates challenges to its market share. The Slack Rating: Goldman Sachs analyst Heather Bellini downgraded Slack to Sell but maintained her price target...
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Slack Has Big Tailwind Amid Work-From-Home Shift, Cowen Says
Tuesday, June 2, 2020 - 12:45pm | 364The shift to the work-from-home model amid the pandemic has given a boost to Slack Technologies Inc’s (NYSE: WORK) value proposition and market opportunity, according to Cowen. The Slack Analyst Cowen’s Derrick Wood initiated coverage of Slack with an Outperform...
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Slack CEO On Microsoft's Teams: 'Not A Competitor'
Thursday, April 30, 2020 - 6:11pm | 450Microsoft Corporation (NASDAQ: MSFT) mentioned its Teams business dozens of times during its post-earnings conference call, but Slack Technologies Inc (NYSE: WORK) CEO Stewart Butterfield said on CNBC that it's "not a competitor." What Happened Microsoft mentioned Teams 42 times...
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Blue Chip Stocks Resisting COVID-19
Tuesday, April 28, 2020 - 11:13am | 798Blue chips are the mature companies that are the pillars of their industries. In addition to posting strong results quarter after quarter, these are also the companies that continue doing well even in times of economic downturns. Historically, blue chip stocks include IBM (NYSE: IBM),...
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Why Josh Brown Still Likes Slack
Wednesday, April 15, 2020 - 5:46pm | 353On CNBC's "Closing Bell," Josh Brown revealed why he likes Slack Technologies Inc (NYSE: WORK). Brown has a long position in the stock and his first purchase was when it was trading much higher. After the stock declined, he decided to buy more at lower prices. Brown said the stock...
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Microsoft's Focus On The Cloud Makes It A Prime Recovery Candidate
Tuesday, April 7, 2020 - 12:50pm | 696When the year started, tech investors couldn't have imagined that markets would go the way they have through the first three months, especially since the year started off strongly for two of tech's biggest names. Amazon.com, Inc. (NASDAQ: AMZN) started the year $1,875...
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Analyst: Microsoft Teams Service With 20M DAUs Is 'Clearly A Negative' For Slack Investors
Wednesday, November 20, 2019 - 1:15pm | 446A blog post this week by Microsoft Corporation (NASDAQ: MSFT) revealed its Microsoft Teams service now has more than 20 million users. One analyst said the success of Teams is bad news for competitor Slack Technologies Inc (NYSE: WORK). The Analyst Mizuho analyst Gregg Moskowitz reiterated his Buy...