Slack (NASDAQ:WORK) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Slack (NASDAQ:WORK) in a research note published on Tuesday morning, Benzinga reports. The firm issued an equal weight rating and a $38.00 target price on the stock.

Several other research analysts also recently weighed in on the stock. Barclays set a $330.00 price objective on shares of Thermo Fisher Scientific and gave the stock a buy rating in a report on Monday. William Blair restated a buy rating on shares of Albireo Pharma in a report on Monday. Robert W. Baird assumed coverage on shares of Slack in a report on Tuesday, June 25th. They set an outperform rating and a $44.00 price objective on the stock. DA Davidson upped their price objective on shares of Slack to $31.00 and gave the stock an average rating in a report on Tuesday, June 11th. Finally, Goldman Sachs Group downgraded shares of Micro Focus International from a neutral rating to a sell rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average 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 news, insider Cal Henderson sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $34.49, for a total value of $51,735.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Allen Shim sold 502,925 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.59, for a total transaction of $19,407,875.75. The disclosure for this sale can be found here. In the last quarter, 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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