WORK - Slack an expensive buy by Salesforce - Analyst

Salesforce (CRM) acquisition of Slack (WORK) has generated mixed reviews from analyst with most of the analyst showing concern about the high price being paid for Slack.CFRA Analyst John Freeman upgrades Salesforce to strong buy despite deal being expensive, as the deal holds tremendous cross-selling and product synergy potential. PT raised from $302 to $309.Wedbush keeps a buy rating on Salesforce and price target of $300 on seeing Slack as near-term pain and a long-term payoff as the company looks to compete with Microsoft in the cloud.Raymond James maintains strong buy rating on Salesforce and raised PT to $280 from $225.JMP Securities raised Salesforce PT to $282 with an outperform rating.Barron states that Slack is an expensive buy for Salesforce, and the deal might not work as Slack doesn’t yet have sustained profitability, and Microsoft (MSFT) is offering rival software Teams for free through a bundle.Citi analyst Walter Pritchard downgrades Salesforce to neutral from buy with a

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Slack an expensive buy by Salesforce - Analyst