Canaccord Genuity Begins Coverage on Slack (NASDAQ:WORK)

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Canaccord Genuity started coverage on shares of Slack (NASDAQ:WORK) in a research note published on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $40.00 target price on the stock.

WORK has been the subject of a number of other research reports. DA Davidson raised their price objective on shares of Slack to $31.00 and gave the company an average rating in a research report on Tuesday, June 11th. Robert W. Baird began coverage on shares of Slack in a research report on Tuesday, June 25th. They issued an outperform rating and a $44.00 price objective for the company. Atlantic Securities began coverage on shares of Slack in a research report on Wednesday, June 19th. They issued an overweight rating and a $37.00 price objective for the company. Barclays set a $330.00 price objective on shares of Thermo Fisher Scientific and gave the company a buy rating in a research report on Monday. Finally, William Blair restated a buy rating on shares of Albireo Pharma in a research report on Monday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $38.78.

Shares of NASDAQ:WORK opened at $33.46 on Monday. Slack has a 52 week low of $33.37 and a 52 week high of $42.00.

In other Slack news, insider Cal Henderson sold 1,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $34.49, for a total value of $51,735.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stewart Butterfield sold 2,500 shares of the stock in a transaction dated 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 sold 6,908,311 shares of company stock valued at $267,290,507.

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Analyst Recommendations for Slack (NASDAQ:WORK)

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