Credit Suisse Group Begins Coverage on Slack (NASDAQ:WORK)

Credit Suisse Group began coverage on shares of Slack (NASDAQ:WORK) in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $40.00 target price on the stock.

Other analysts have also issued reports about the company. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the stock a buy rating in a report on Monday. Morgan Stanley dropped their target price on Neon Therapeutics from $19.00 to $13.00 and set an overweight rating on the stock in a report on Tuesday. KeyCorp initiated coverage on Pluralsight in a report on Tuesday. They set an overweight rating and a $40.00 target price on the stock. Oppenheimer raised their price objective on Valeritas from $1.25 to $12.00 and gave the company an outperform rating in a report on Tuesday, July 9th. Finally, DA Davidson raised their price objective on Slack to $31.00 and gave the company an average rating in a report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $38.78.

Slack stock opened at $32.00 on Tuesday. Slack has a 52 week low of $31.93 and a 52 week high of $42.00.

In other Slack news, insider Cal Henderson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $36.23, for a total value of $54,345.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $33.95, for a total value of $84,875.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,908,311 shares of company stock worth $267,290,507.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for Slack (NASDAQ:WORK)

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