After MKM Partners and KeyBanc gave Slack Technologies Inc (NYSE: WORK) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Raimo Lenschow maintained a Buy rating on Slack Technologies Inc yesterday and set a price target of $44. The company’s shares closed last Monday at $30.01.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.7% and a 74.6% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Citrix Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Slack Technologies Inc with a $39.08 average price target, implying a 47.6% upside from current levels. In a report issued on August 21, MKM Partners also initiated coverage with a Buy rating on the stock with a $40 price target.
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The company has a one-year high of $42 and a one-year low of $26. Currently, Slack Technologies Inc has an average volume of 9.12M.
Based on the recent corporate insider activity of 98 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.
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Slack Technologies, Inc. develops and publishes real-time collaboration applications and platforms. It provides engineering, sales, marketing, IT, project management and human resources solutions.
