KeyCorp Begins Coverage on Slack (NASDAQ:WORK)

Equities research analysts at KeyCorp initiated coverage on shares of Slack (NASDAQ:WORK) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set an “overweight” rating and a $44.00 price target on the stock. KeyCorp’s price objective would indicate a potential upside of 31.50% from the company’s previous close. KeyCorp also issued estimates for Slack’s Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at ($0.08) EPS, FY2020 earnings at ($0.44) EPS, Q1 2021 earnings at ($0.09) EPS, Q2 2021 earnings at ($0.09) EPS, Q3 2021 earnings at ($0.09) EPS, Q4 2021 earnings at ($0.08) EPS, FY2021 earnings at ($0.34) EPS and FY2022 earnings at ($0.23) EPS.

WORK has been the topic of several other reports. Atlantic Securities initiated coverage on shares of Slack in a research note on Wednesday, June 19th. They set an “overweight” rating and a $37.00 target price on the stock. Oppenheimer upped their target price on shares of Valeritas from $1.25 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Goldman Sachs Group downgraded shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird initiated coverage on shares of Slack in a research note on Tuesday, June 25th. They set an “outperform” rating and a $44.00 target price on the stock. Finally, William Blair reaffirmed a “buy” rating on shares of Albireo Pharma in a research note on Monday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Slack has an average rating of “Buy” and an average target price of $38.78.

Shares of WORK opened at $33.46 on Tuesday. Slack has a fifty-two week low of $33.37 and a fifty-two week high of $42.00.

In other Slack news, CEO Stewart Butterfield sold 2,500 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $34.49, for a total value of $86,225.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Cal Henderson sold 1,500 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $36.23, for a total transaction of $54,345.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,908,311 shares of company stock worth $267,290,507.

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Analyst Recommendations for Slack (NASDAQ:WORK)

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