Analysts have been eager to weigh in on the Technology sector with new ratings on Salesforce (CRM) and Slack Technologies (WORK).
Salesforce (CRM)
Wedbush analyst Daniel Ives maintained a Buy rating on Salesforce today and set a price target of $300.00. The company’s shares closed last Tuesday at $241.35.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 24.9% and a 70.2% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Slack Technologies.
Currently, the analyst consensus on Salesforce is a Strong Buy with an average price target of $285.26, a 16.4% upside from current levels. In a report issued on November 22, Jefferies also maintained a Buy rating on the stock with a $320.00 price target.
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Slack Technologies (WORK)
In a report released today, Ryan MacWilliams from Stephens maintained a Hold rating on Slack Technologies, with a price target of $45.00. The company’s shares closed last Tuesday at $43.84.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 27.3% and a 77.8% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Vonage Holdings, and Smartsheet.
Slack Technologies has an analyst consensus of Hold, with a price target consensus of $33.67, which is a -21.4% downside from current levels. In a report issued on November 23, KeyBanc also initiated coverage with a Hold rating on the stock.
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