Slack Technologies (WORK) Gets a Hold Rating from Credit Suisse

By Austin Angelo

Credit Suisse analyst Brad Zelnick maintained a Hold rating on Slack Technologies (WORKResearch Report) yesterday and set a price target of $21.00. The company’s shares closed last Monday at $19.21, close to its 52-week low of $15.90.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 12.1% and a 63.9% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Upland Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Slack Technologies with a $27.11 average price target, which is a 29.0% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.

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The company has a one-year high of $42.00 and a one-year low of $15.90. Currently, Slack Technologies has an average volume of 10.5M.

Based on the recent corporate insider activity of 467 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WORK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Slack Technologies, Inc. develops and publishes real-time collaboration applications and platforms. It provides engineering, sales, marketing, IT, project management and human resources solutions.