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Fly News Breaks for February 11, 2020
IBM, WORK
Feb 11, 2020 | 09:25 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Slack Technologies (WORK) to $26 after yesterday's Business Insider speculation that IBM (IBM) will deploy its platform across all 350K employees, even though the company later clarified that IBM has been Slack's largest customer for several years. The analyst remains positive on the company's "near-ubiquitous nature, rapid growth, secular tailwinds, and large market opportunity", but also keeps his Neutral rating to reflect its valuation.