$WORK Looks To Have Bottomed

$WORK looks to have finally bottomed. The stock got a lift today after Slack (NYSE:WORK) was initiated at Overweight at Wells Fargo with a $30 price target, a 50% upside. WORK shares have a Bullish average Sell Side rating.

Last month, Slack reported Q3 beats, an inline Q4 outlook, and an upside FY view.

Wells Fargo says the competition concerns surrounding Slack (WORK +2.4%) ($30 PT) are now overdone and sees the current setup as "favorably skewed."

With 17% of the float short, there's room for a short squeeze.

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

As always, trade with caution and use protective stops.

Good luck to all!
To receive our alerts via email and SMS, join Insider Financial for Free at

We are not financial advisors. Always conduct your own research and read our full disclaimer at


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out