MSFT - Where Will Slack Be in 5 Years?
Slack Technologies (NYSE: WORK) has been a divisive stock since its direct listing last June. The bulls claimed Slack's collaborative platform would disrupt the traditional email and messaging markets and change how people worked. The bears claimed Slack's moat wasn't wide enough to fend off rivals like Microsoft (NASDAQ: MSFT), and that it lacked a long-term path toward profitability.
The bulls initially lifted the stock from its debut price of $26 to the high $30s, but it subsequently stumbled back to the high $20s -- even as stay-at-home measures boosted interest in the stock. Slack certainly faces a lot of near-term challenges, but will its stock climb higher over the next five years?
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