Weiss: "While Slack missed the market's expectations for a greater acceleration in billings growth in Q2, the fundamental value proposition and large market opportunity at Slack remain unchanged."
KeyBanc's Brent Bracelin (Overweight, $44) says $8M in customer credits tied to the service outage hit the Q2 numbers, and raises his estimates slightly on the belief that a reliability snapback, strong enterprise traction, and a shared channel offering could lead to H2 strength.
WORK shares are down 3.4% to $29.94. The company has an Outperform average Sell Side rating.
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