![]() Sarah Smith is a Web Content Producer for. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. That bodes well for Salesforce as it announces it Slack acquisition. While we may one day go back to a world filled with meetings, Zoom (NASDAQ: ZM) calls and Slack messages will continue to be a part of daily life. Just as many analysts have predicted the permanency of working from home, workplace messaging is here to stay. As Ives points out, the company had already acquired Quip, further boosting the relevance of the Slack acquisition.īut as you view the deal, the pandemic should not be far from mind. Now, Salesforce can better compete thanks to the Slack platform. During the pandemic, much of the narrative has pitted Slack against Microsoft (NASDAQ: MSFT) thanks to its Teams offering. Not only is Salesforce beefing up its portfolio, it is taking on a major rival head on. 1 closing price.Īdditionally, the reasons behind his bullish target are worth paying attention to. That implies nearly 25% upside from its Dec. Ahead of official confirmation of the deal, he released a note with a price target on CRM stock of $300. So what do you really need to understand about Salesforce buying Slack? Perhaps Wedbush analyst Dan Ives has the best perspective. Indeed, Slack shares have fallen under the 25 per-share mark, reducing its worth to the previously mentioned 13 billion. 10 Education Stocks to Buy for the Fall School Season. ![]()
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