Slack (NASDAQ:WORK) Coverage Initiated by Analysts at Morgan Stanley

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Equities research analysts at Morgan Stanley started coverage on shares of Slack (NASDAQ:WORK) in a research report issued on Tuesday, Marketbeat.com reports. The firm set an “equal weight” rating and a $38.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 13.57% from the stock’s previous close.

WORK has been the topic of a number of other reports. Goldman Sachs Group lowered shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday. Stephens assumed coverage on shares of Slack in a research report on Thursday, July 11th. They set an “overweight” rating and a $43.00 target price on the stock. Robert W. Baird assumed coverage on shares of Slack in a research report on Tuesday, June 25th. They set an “outperform” rating and a $44.00 target price on the stock. William Blair reaffirmed a “buy” rating on shares of Albireo Pharma in a research report on Monday. Finally, Barclays set a $330.00 target price on shares of Thermo Fisher Scientific and gave the stock a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.78.

Shares of NASDAQ WORK opened at $33.46 on Tuesday. Slack has a 1 year low of $33.37 and a 1 year high of $42.00.

In related news, insider Cal Henderson sold 1,500 shares of Slack stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $34.49, for a total transaction of $51,735.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stewart Butterfield sold 2,500 shares of Slack stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $33.95, for a total transaction of $84,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,908,311 shares of company stock worth $267,290,507.

Read More: What Factors Can Affect Return on Equity?

Analyst Recommendations for Slack (NASDAQ:WORK)

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