The latest report from Morgan Stanley notes that Slack hasn’t seen the sort of business acceleration it had expected during the start of the pandemic. Most of its customers are opting for big players in the market.
Slack Technologies (WORK) is up today after a loss of 6.08% yesterday. The company has announced its news tech package called Slack Connect, which enhances its real time-communication across up to 20 clients.
Slack (WORK) stock was up 1.17% after hours to trade at around $35.46 after closing yesterday at $35.05 with an over 7% rise. Stephens raised its price target on WORK shares from $32 to $37.