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WORK

Slack Technologies

$25.55

(0.00%)

, MSFT

Microsoft

$137.58

1.44 (1.06%)

16:12
09/12/19
09/12
16:12
09/12/19
16:12

Slack Technologies initiated with a Neutral at Mizuho

Mizuho analyst Gregg Moskowitz initiated Slack Technologies (WORK) with a Neutral rating and $26 price target. While he views the company's communications and collaboration platform as "best-in-class," Moskowitz said the competitive pressures it faces are "difficult to ignore." He thinks Microsoft's (MSFT) competing Teams service significantly reduces Slack's pricing power, the analyst said in his initiation note.

WORK

Slack Technologies

$25.55

(0.00%)

MSFT

Microsoft

$137.58

1.44 (1.06%)

  • 27

    Oct

WORK Slack Technologies
$25.55

(0.00%)

09/05/19
FBCO
09/05/19
NO CHANGE
Target $35
FBCO
Neutral
Slack Technologies price target lowered to $35 from $40 at Credit Suisse
Credit Suisse analyst Brad Zelnick lowered his price target for Slack Technologies to $35 from $40 after the company reported "solid" Q2 earnings with revenue and billings ahead of expectations though the quarter's performance and underlying fundamentals were masked by outage-related credits and what he perceives to be conservative guidance. The analyst reiterates a Neutral rating on the shares.
09/05/19
MSCO
09/05/19
NO CHANGE
Target $38
MSCO
Equal Weight
Slack's 'solid' report fell short of 'lofty' expectations, says Morgan Stanley
Morgan Stanley analyst Keith Weiss noted that Slack beat consensus estimates and guidance and raised its FY20 view by more than the Q2 beat, though the results were likely a miss compared to "lofty buy side expectations." He believes the fundamental value proposition and large market opportunity at Slack remains unchanged and thinks the post-earnings pullback creates a more attractive risk/reward balance in the stock. He maintains a $38 price target and Equal Weight rating on Slack shares, pointing to Enterprise success, large deals and billings growth acceleration as among the things he liked in the company's Q2 report.
09/05/19
WBLR
09/05/19
NO CHANGE
WBLR
Outperform
Slack should be bought on meaningful weakness, says William Blair
Shares of Slack are trading off almost 15% as the headline revenue number in last night's Q2 shows a steeper deceleration than was actually the case, William Blair analyst Bhavan Suri tells investors in a research note. The quarter included an $8M adverse revenue impact that stemmed from a product outage in late June, explains the analyst. Excluding the impact from the outage, revenue growth was about flat from last quarter at 66.5%, he notes. Suri says he would be a buyer of the stock on a meaningful pullback as he remains positive on the business momentum and Slack's ability to "grow at a high rate for the next several years." The analyst maintains an Outperform rating on the name.
09/05/19
MKMP
09/05/19
NO CHANGE
Target $38
MKMP
Buy
Slack Technologies price target lowered to $38 from $40 at MKM Partners
MKM Partners analyst Rohit Kulkani lowered his price target on Slack Technologies to $38 after its first results as a public company came in "cleanly above" the Street expectations, as its revenue beat was reduced by the one-time $8.2M of credits related to service disruptions. The analyst says he is willing to give the company a pass, keeping his Buy rating on the stock and citing the management's earnings call commentary that Slack has maintained an industry-leading 99.99% availability for its platform.
MSFT Microsoft
$137.58

1.44 (1.06%)

08/19/19
RBCM
08/19/19
NO CHANGE
Target $210
RBCM
Outperform
VMware to deliver 'solid' Q2 results, says RBC Capital
RBC Capital analyst Matthew Hedberg kept his Outperform rating and $210 price target on VMWare (VMW) ahead of its Q2 results this week. The analyst expects a "solid" quarter of results driven by the "diversity" of its business in spite of the "mixed" industry sentiment and the "general weakness" from the company's infrastructure software peers. Hedberg further cites the findings of his reseller survey about the demand environment, which he sees as "generally above" FY19 averages amid continued optimism around VMWare's Amazon AWS (AMZN) and Microsoft Azure (MSFT) partnerships.
08/22/19
08/22/19
INITIATION
Target $40

Buy
Slack Technologies initiated with a Buy at MKM Partners
As previously reported, MKM Partners analyst Rohit Kulkarni initiated Slack (WORK) with a Buy rating and a price target of $40. The analyst is positive on the company's evolution into a "central repository of information" around corporate workflows such as sales, customer service, recruiting, and accounting, saying its value proposition is "even more compelling" as a tool to "connect employees, applications, and data." While he sees Microsoft (MSFT) as a primary competitive threat to Slack in the coming years, he sees the probability of a "winner take most" scenario in enterprise collaboration software market as low.
08/26/19
KEYB
08/26/19
NO CHANGE
Target $130
KEYB
Overweight
Xilinx price target lowered to $130 from $140 at KeyBanc
KeyBanc analyst John Vinh lowered his price target for Xilinx (XLNX) to $130 from $140 as he believes the launch of Microsoft's (MSFT) FPGA-as-a-Service has been postponed from Q4 to early next year due to the availability of a key software-related feature. The analyst expects Microsoft's FaaS to preview by the end of this year and go live early next year. While Vinh still believes Microsoft represents a significant opportunity longer term, he sees risk to 2020 estimates and to DCG expectations for 60% growth. Nonetheless, he reiterates an Overweight rating on Xilinx shares given long-term secular growth opportunities in 5G and Data Center.
08/29/19
WEDB
08/29/19
NO CHANGE
Target $160
WEDB
Outperform
Microsoft cloud momentum should continue, says Wedbush
Wedbush analyst Daniel Ives believes Microsoft (MSFT) remains in an enviable position heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. So far in the September quarter, the analyst is seeing a clear acceleration of larger and more strategic enterprise cloud deals as he believes "Redmond is poised to win the lion's share of the next phase of cloud deployments vs. Amazon [AMZN] and Bezos." The shift to cloud is a major secular trend that is "significantly benefiting" Microsoft in the field and should continue its momentum heading into the next 12-18 months, he contends. Ives reiterates an Outperform rating and a $160 price target on Microsoft's shares.

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