My previous research warned investors to avoid Slack Technologies (WORK) until the stock offered a better value at $17.50. The risk from Microsoft (MSFT) pushing Teams as a competitive product was a problem for the company maintaining excessive growth. The stock is at my price target after reporting decent FQ4 results, but the company provided disappointing guidance placing my target as a tepid buy here.
Image Source: Slack Tech website
Decelerating Customer Base
One of my warnings about paying a premium price for the stock was the decelerating customer base