Slack Falls by 6.3% on Bearish Analyst Note About Rivals Microsoft, Zoom, and Google

Eric Volkman, The Motley Fool
·2-min read
Slack Falls by 6.3% on Bearish Analyst Note About Rivals Microsoft, Zoom, and Google
Slack Falls by 6.3% on Bearish Analyst Note About Rivals Microsoft, Zoom, and Google

Slack (NYSE: WORK) is losing ground to other tech companies, according to a prominent analyst. In a research note published on Wednesday, Morgan Stanley prognosticator Keith Weiss said that the work-from-home trend engendered by the coronavirus outbreak has provided lasting benefits to operators of remote-working tools like Microsoft (NASDAQ: MSFT), Zoom Technologies (NASDAQ: ZM), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) at the expense of Slack. Microsoft is the most-direct competitor to Slack, thanks to its Teams software, which boasts many of the functionalities of the latter's platform.