Slack Wants To Head Higher
After Slack (WORK) initially traded down following FQ3 results, the stock made an impressive turnaround on Thursday. Slack appears ready to rally after hit higher lows and closing at the highs.
The stock valuation isn't that impressive here. My valuation places the stock at $17.50 at 8x FY22 revenue estimates. Paying far more and chasing this stock just doesn't appear wise.
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