Get daily stock ideas top-performing Wall Street analysts. Wall Street legend who picked Apple in 2003 - and Bitcoin in 2016 - shares his #1 pick for 2020s. In light of Microsoft’s increasingly threatening position atop the cloud universe, Slack would be a nice acquisition target for a challenger. All rights reserved. Given Slack’s  natural connection with so many other leading tech companies’ platforms, it’s a natural bolt-on acquisition for a variety of larger tech players.

Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). There are currently 2 sell ratings, 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy.". The CEO noted that Microsoft is forcing many users to migrate to Slack from older systems, boosting its user numbers. What Went Wrong With J.B. Hunt Transportation Services (NASDAQ:JBHT)? If you've got money invested in the stock market, but are confused as to what to do next...This is the can't miss interview of 2020.document.write(''); View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. SLACK stock price has started to level off after months of steady declines. Harley Davidson (NYSE: HOG) is Turning the Corner, Enphase Energy (NASDAQ:ENPH) Stock a Buy: Powering Homes With Alternative Energy, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, 7 Stocks That Don’t Care Who Wins the Election, 7 Semiconductor Stocks to Power Your Portfolio, 7 Gold Stocks to Buy Before the Fed Changes Its Mind, Receive Analysts' Upgrades and Downgrades Daily. And SaaS stocks, as a category, are heating up again after the fall selloff. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. People are fed up with the poor results from the unicorn IPOs this year. Man Who Picked Apple, Bitcoin Makes Next "Pick of Decade". Article printed from InvestorPlace Media, https://investorplace.com/2019/12/3-reasons-why-slack-stock-can-start-working-in-2020/. Export data to Excel for your own analysis. You can reach him on Twitter at @irbezek.

That’s what happens when 3 mining legends converge on a gold-copper project in the Americas with a rare geologic anomaly cluster guiding the drills. About the Slack Technologies, Inc stock forecast. Immense Shareholder Bonus to Be Paid in Gold & Copper. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. New York (CNN Business)There's more bad news for Slack: The messaging software company's stock plunged nearly 10% Tuesday after Microsoft announced that its rival Teams product has 20 million users. Nobody expects what they're predicting now... MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. That trend can also be confirmed by looking at the number of paid customers, which rose by just 30% year-over-year. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors.

And SaaS stocks, as a category, are heating up again after the fall selloff. Slack’s prospectus note that: Also unlike email, Slack was designed from the ground up to integrate with external software systems. That fell to 60% during the most recently reported quarter. Slack's stock has now fallen nearly 20% from its reference price of $24 on the day of its Wall Street debut. It wouldn’t take much for traders to start buying WORK stock again.When a stock stops going down despite continuing bad news, that’s a notable development. Based on Slack’s forward guidance, its revenue growth looks poised to dip to around 40% or so within the next year. Additionally, Slack is designed to integrate easily with outside apps and software programs. As of last month, Microsoft had more than 20 million daily active users, while Slack only has around 12 million.

The high price target for WORK is $45.00 and the low price … MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Slack provides an easy way for users to share and aggregate information from other software, take action on notifications, and advance workflows in a multitude of third-party applications, over 1,500 of which are listed in the Slack App Directory.

The high-grade is impressive, the drilling is expanding, and the shares are still available below $1. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. For instance, last month Teams customers participated in more than 27 million voice or video meetings and performed over 220 million open, edit, or download actions on files stored in Teams," said Jared Spataro, corporate vice president for Microsoft 365 in a. And that’s a fair point. So, not surprisingly, Slack stock is one of the 2019 IPOs that the SEC is probing. This means that customers are spending much more on Slack with every passing quarter as users utilize the platform more extensively and purchase additional services. The stock has plummeted nearly 50% from its peak of $42, which it reached on its … Also, with the increasing value of big data, Slack likely can help large companies that have launched significant R&D efforts in data and AI. But Slack has taken issue with claims that rivals are more popular than Slack's products. Learn about financial terms, types of investments, trading strategies and more. The dark blue line represents the company's actual price. Start Your Risk-Free Trial Subscription Here, 3 Big Earnings Reports to Watch in the Coming Weeks, Where Next For Shares of Zoom Video (NASDAQ: ZM), 3 Stocks to Buy with Recent Dividend Increases, 3 Beaten Down Stocks On The Cusp Of A Major Reversal, V.F. The stock has plummeted nearly 50% from its peak of $42, which it reached on its first day of trading in late June. Learn more. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Please log in to your account or sign up in order to add this asset to your watchlist. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Get short term trading ideas from the MarketBeat Idea Engine. View our full suite of financial calendars and market data tables, all for free. And now, folks are lining up to predict further troubles ahead for WORK stock in 2020. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Slack reached its all-time high of $42 per share on its first day of trading and fell  to $35 within a week. Some analysts have turned to portraying Microsoft and Slack as a David versus Goliath-type battle where Microsoft is the overwhelming favorite.

Green day on Monday for Slack Technologies, Inc. (Updated on October 12, 2020) Buy candidate since 2020-10-05 Gain 12.41% PDF Last Trading Session. Fundamental company data provided by Morningstar and Zacks Investment Research. Disclaimer. 21 Wall Street analysts have issued ratings and price targets for Slack Technologies in the last 12 months. View which stocks are hot on social media with MarketBeat's trending stocks report.

Or in 2021 or 2022, for that matter. Identify stocks that meet your criteria using seven unique stock screeners. Several analysts issued bearish reports on Slack after it reported results, adding to the downward pressure on the stock. It’s a strong communications tool,and thus is of great interest to leading tech companies that want to stay in constant contact with their users. With that in mind, let’s take a look at the contrarian, bullish case for Slack.

Do Not Sell My Information. However, the company’s customer acquisition trends appear to be favorable. Just look at the weak engagement numbers that Microsoft themselves report and (the) much deeper level of engagement you see among Slack users. As of 2020 October 13, Tuesday current price of WORK stock is 31.790$ and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception).. All rights reserved. CEO Stewart Butterfield took direct aim at the analysts who were suggesting that Teams is killing of Slack. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

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