It’s been nearly a year since Wall Street firm Canaccord first recommended Slack Technologies (WORK) stock as a “buy” with a $40 price target. With Slack trading at $34 at the time (mid-July 2019), and Canaccord saying it would rise 18%, that buy recommendation sort of made sense. But it seemed to make progressively less and less sense as Slack stock slid lower and lower, ultimately bottoming at close to a 50% loss on March 16, 2020. Along the way, Canaccord cut its price target on the stock to $25 a share — but maintained its “buy” rating, and kept …read more
Source:: Yahoo Finance
