Information Provided By:
Fly News Breaks for January 27, 2020
MSFT, WORK
Jan 27, 2020 | 20:45 EDT
Wells Fargo analyst Michael Turrin initiated coverage of Slack Technologies (WORK) with an Overweight rating and $30 price target. The analyst believes that the bearish sentiment regarding competition with Microsoft Teams (MSFT) is overdone, and with shares down 47% from prior highs, he sees risk-reward on the stock as "favorably skewed". Turrin further cites Slack's year-to-date revenue growth of over 60% as well as its large short position at over 20% of current float.
News For WORK;MSFT From the Last 2 Days
MSFT
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
MSFT
Mar 26, 2024 | 13:49 EDT
Microsoft Gaming CEO Phil Spencer told Polygon in an interview during the annual Game Developers Conference that he doesn't just want Xbox games on other consoles, but also wants other game retailers, such as Itch.io and the Epic Games Store on Xbox platforms as well. "Consider our history as the Windows company," Spencer said. "Nobody would blink twice if I said, 'Hey, when you're using a PC, you get to decide the type of experience you have... There's real value in that." Reference Link
MSFT
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here