On Dec 06, major Wall Street analysts update their ratings for $Asana (ASAN.US)$, with price targets ranging from $10 to $25.
Morgan Stanley analyst Josh Baer maintains with a hold rating, and adjusts the target price from $14 to $18.
KeyBanc analyst Jackson Ader maintains with a hold rating.
RBC Capital analyst Rishi Jaluria maintains with a sell rating, and maintains the target price at $10.
Piper Sandler analyst Brent Bracelin maintains with a hold rating, and adjusts the target price from $14 to $19.
JMP Securities analyst Patrick Walravens maintains with a buy rating, and adjusts the target price from $21 to $25.
Furthermore, according to the comprehensive report, the opinions of $Asana (ASAN.US)$'s main analysts recently are as follows:
Stable results along with some metrics that indicate improvement have contributed to a clearer pathway towards accelerating growth and significant margin expansion. However, these positive aspects seem to be already factored into the stock's price in after-hours trading.
Asana experienced a solid quarter with revenue exceeding expectations for Q3 and guidance for Q4 aligning with market anticipations.
It's noted that there are signs of stabilization post earnings, with an encouraging early response to AI Studio, although macro factors continue to pose challenges. Additionally, there has been a noted loss of market share to competitors.
Following the Q3 report, Asana exhibited a solid, although not exceptional, fundamental quarter with strong follow-through in shares. The analyst noted that the post-earnings rally, along with Asana's artificial intelligence product extensions, stabilizing retention rates, and the appointment of a new CFO who could enhance efficiency in their business model, were pivotal factors affecting the company's outlook.
Here are the latest investment ratings and price targets for $Asana (ASAN.US)$ from 5 analysts:
Note:
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