Slack Technologies, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Should you buy Slack Technologies (slack) stock?
1 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Slack Technologies in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” Slack Technologies stock.
This begs the query “Should you buy slack stock?”
One thought is that If you’re interested in buying Slack stock, you can opt to open a long position and buy the underlying asset or trade Slack stock CFDs (Contracts for Difference). This means you can trade on the price movements of the stock without actually buying it.
If you had 100 bucks of Slack, you’d only get $7 worth of Salesforce stock. I don’t know that that’s worth hanging around for. If you want to buy Salesforce, just go ahead and buy them.
Do you use slack’s product?
I use Slack’s product — but do not love it. (Slack claims in its April 2019 prospectus that many do). However, my feelings about its product are not among the four reasons why I would avoid its stock.
Shares of WORK can be purchased through any online brokerage account.
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 incorporated in 2009 and is headquartered in San Francisco, California.
How much will slack shareholders receive in a share sale?
Importantly, Slack stock shareholders will receive $45.86 per share, including $26.79 in cash. This is a 55% premium to the WORK share price prior to the leaked rumors. Slack stock is slightly positive in after-hours trading, while CRM stock is down 3.7%.
The acquisition closing price will be $26.79 plus 0.0776 times the Salesforce stock price. I did the math on this yesterday. The current buyout price is 43 bucks and Slack was trading around 40 bucks.
What does a hold rating mean for Slack Technologies stock?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in WORK, but not buy additional shares or sell existing shares. View analyst ratings for Slack Technologies or view top-rated stocks. How were Slack Technologies’ earnings last quarter?