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Fly News Breaks for July 16, 2019
WORK
Jul 16, 2019 | 06:53 EDT
Morgan Stanley analyst Keith Weiss started Slack Technologies with an Equal Weight rating and $38 price target. While his analysis points to a $34B total addressable market opportunity, which Weiss said supports his "conservative" 40%+ revenue growth forecast through 2020, he thinks the rising competition in the team collaboration space and the stock's current valuation make the risk/reward balanced, he tells investors.
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