(WORK) shares are trading sharply higher on Tuesday after RBC Capital analyst Alex Zukin picked up coverage of the stock with an Outperform rating and $25 target price. “We see Slack as having a leading brand, differentiated technology, and strong tailwinds from a growing workplace collaboration market,” Zukin writes in a research note. Zukin concedes that “the jury is still out on the ultimate size of this market.” While Gartner estimates a $2 billion opportunity and Slack (ticker: WORK) sizes the market at $28 billion, RBC sees an $86 billion addressable market. Read More...
(WORK) shares are trading sharply higher on Tuesday after RBC Capital analyst Alex Zukin picked up coverage of the stock with an Outperform rating and $25 target price. “We see Slack as having a leading brand, differentiated technology, and strong tailwinds from a growing workplace collaboration market,” Zukin writes in a research note. Zukin concedes that “the jury is still out on the ultimate size of this market.” While Gartner estimates a $2 billion opportunity and Slack (ticker: WORK) sizes the market at $28 billion, RBC sees an $86 billion addressable market.
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