Could Slack Technologies, Inc. (WORK) Crash Even More? The Stock Had Another Big Decline Today

The stock of Slack Technologies, Inc. (NYSE:WORK) is a huge mover today! The stock decreased 4.17% or $1.07 during the last trading session, reaching $24.55. About 6.27M shares traded. Slack Technologies, Inc. (NYSE:WORK) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.
The move comes after 7 months negative chart setup for the $13.36 billion company. It was reported on Sep, 13 by Barchart.com. We have $23.57 PT which if reached, will make NYSE:WORK worth $534.32M less.

Slack Technologies, Inc. (NYSE:WORK) Ratings Coverage

Among 6 analysts covering Slack Technologies (NYSE:WORK), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Slack Technologies has $4400 highest and $2700 lowest target. $35.67’s average target is 45.30% above currents $24.55 stock price. Slack Technologies had 10 analyst reports since June 26, 2019 according to SRatingsIntel. The rating was maintained by Barclays Capital on Thursday, September 5 with “Overweight”. The firm has “Neutral” rating by Credit Suisse given on Thursday, September 5. M Partners maintained it with “Buy” rating and $3800 target in Thursday, September 5 report. Citigroup maintained the shares of WORK in report on Friday, September 6 with “Neutral” rating.

More notable recent Slack Technologies, Inc. (NYSE:WORK) news were published by: Finance.Yahoo.com which released: “Aramark (NYSE:ARMK) Shareholders Have Enjoyed A 57% Share Price Gain – Yahoo Finance” on September 13, 2019, also Marketwatch.com with their article: “Fabrinet’s stock leads all NYSE losers after downbeat outlook, heads for biggest drop in 5 years – MarketWatch” published on August 20, 2019, Cnbc.com published: “5 things to know before the stock market opens Monday – CNBC” on September 09, 2019. More interesting news about Slack Technologies, Inc. (NYSE:WORK) were released by: Fool.com and their article: “Aurora Cannabis Inc. (NYSE: ACB) Q4 2019 Earnings Call Transcript – Motley Fool” published on September 13, 2019 as well as Seekingalpha.com‘s news article titled: “Slack: Wheels Just Fell Off – Seeking Alpha” with publication date: September 05, 2019.

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. The company has market cap of $13.36 billion. The Company’s platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. It currently has negative earnings. The firm was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014.

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