Source: Avanan
Demand (Rating: Bullish)
Slack (WORK) put its total addressable market at $28 billion. That's more of a function of Slack's narrative that it can replace email as the de facto tool for office communication. This has driven over 12 million active users (+37% y/y) on the platform.
The continuous growth in active users drives the conclusion that Slack is a great product that has found a global appeal amongst knowledge workers across the globe.
Business/Financials (Rating: Neutral)
Source: Author (Using Data from Seeking Alpha)
Slack’s goal is to replace emails (the largest SaaS