Slack (NASDAQ:WORK) Earns Neutral Rating from Analysts at Credit Suisse Group

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Equities research analysts at Credit Suisse Group assumed coverage on shares of Slack (NASDAQ:WORK) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $40.00 price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 19.55% from the company’s current price.

Several other equities research analysts have also issued reports on WORK. KeyCorp initiated coverage on Pluralsight in a research note on Tuesday. They set an “overweight” rating and a $40.00 price target for the company. Robert W. Baird initiated coverage on Slack in a research note on Tuesday, June 25th. They set an “outperform” rating and a $44.00 price target for the company. DA Davidson lifted their price target on Slack to $31.00 and gave the stock an “average” rating in a research note on Tuesday, June 11th. William Blair reaffirmed a “buy” rating on shares of Albireo Pharma in a research note on Monday. Finally, Stephens assumed coverage on Slack in a report on Thursday, July 11th. They issued an “overweight” rating and a $43.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Slack has a consensus rating of “Buy” and an average price target of $38.78.

Shares of WORK stock opened at $33.46 on Tuesday. Slack has a 12-month low of $33.37 and a 12-month high of $42.00.

In other news, General Counsel David Schellhase sold 349,339 shares of Slack stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $38.28, for a total value of $13,372,696.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert Frati sold 376,238 shares of Slack stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $38.30, for a total value of $14,409,915.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,908,311 shares of company stock worth $267,290,507.

Read More: Book Value Per Share – BVPS

Analyst Recommendations for Slack (NASDAQ:WORK)

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