Based on ratings from 19 stock analysts, the Asana Inc stock price is expected to decrease by 6.84% in 12 months. This is calculated by using the average 12-month stock price forecast for Asana Inc. The lowest target is $10 and the highest is $21. Please note analyst price targets are not guaranteed and could be missed completely.
About 19 Wall Street analysts have assigned ASAN 5 buy ratings, 11 hold ratings, and 3 sell ratings. This means that analysts expect Asana Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ASAN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of ASAN.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Allan Verkhovski Scotiabank | Sector Perform | $15 | Initiates | Nov 18, 2024 |
Rishi Jaluria RBC Capital | Underperform | $10 | Reiterates | Oct 23, 2024 |
Lucky Schreiner DA Davidson | Neutral | $13 | Maintains | Oct 23, 2024 |
Citigroup | Neutral | Maintains | Sep 5, 2024 | |
Brent Bracelin Piper Sandler | Neutral | $12 | Maintains | Sep 4, 2024 |
Rob Oliver Baird | Neutral | $13 | Maintains | Sep 4, 2024 |
Michael Funk B of A Securities | Buy | $16 | Maintains | Sep 4, 2024 |
Pinjalim Bora JP Morgan | Underweight | $13 | Maintains | Sep 4, 2024 |
Ittai Kidron Oppenheimer | Outperform | $20 | Maintains | Sep 4, 2024 |
Taylor McGinnis UBS | Neutral | $13 | Maintains | Sep 4, 2024 |
Rishi Jaluria RBC Capital | Underperform | $10 | Reiterates | Sep 4, 2024 |
Lucky Schreiner DA Davidson | Neutral | $11 | Assumes | Sep 4, 2024 |
Joe Goodwin JMP Securities | Market Outperform | $21 | Maintains | Sep 4, 2024 |
Jason Ader Keybanc | Underweight | $10 | Maintains | Sep 4, 2024 |
Steven Enders Citigroup | Neutral | $13 | Maintains | Sep 4, 2024 |
Josh Baer Morgan Stanley | Equal-Weight | $15 | Maintains | Aug 20, 2024 |
Joe Goodwin JMP Securities | Market Outperform | $27 | Reiterates | Jul 15, 2024 |
Brent Bracelin Piper Sandler | Neutral | $14 | Maintains | Jul 12, 2024 |
Steven Enders Citigroup | Neutral | $15 | Maintains | Jun 26, 2024 |
Stephen Bersey HSBC | Hold | Upgrade | Jun 3, 2024 |
When did it IPO
2020
Staff Count
1,840
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. Dustin A. Moskovitz
Market Cap
$3.18B
In 2023, ASAN generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ASAN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Asana has partnered with Datacom to enhance support for enterprise customers in Australia and New Zealand, aiming to improve efficiency and transparency in their operations.
Why It Matters - Asana's partnership with Datacom enhances its market position in the ANZ region, potentially increasing customer acquisition and revenue growth, which is favorable for investor sentiment.
Summary - Asana, Inc. (NYSE: ASAN) will release its Q3 FY2025 financial results on December 5 after market close, followed by a webcast at 1:30 PM PT to discuss the results.
Why It Matters - Asana's upcoming Q3 fiscal 2025 results and webcast could impact stock performance, offering insights into financial health and growth prospects, influencing investor sentiment and market positioning.
Summary - Asana, Inc. has launched Asana AI Studio, a no-code builder enabling teams to create workflows and embed AI agents to assist with project management directly within the platform.
Why It Matters - Asana's launch of AI Studio enhances its competitive edge by integrating AI into workflow management, potentially increasing user engagement and driving revenue growth.
Summary - The article highlights several growth stocks recommended for investors seeking to enhance their portfolios.
Why It Matters - The mention of "must-buy growth stocks" indicates potential high returns, suggesting market optimism and opportunities for portfolio enhancement, attracting investor interest.
Summary - Asana, Inc. appointed Sonalee Parekh as CFO, effective September 11, 2024, succeeding Tim Wan, who will remain in an advisory role. Parekh has over 25 years of experience in technology and banking.
Why It Matters - The appointment of a new CFO can signal strategic shifts or changes in financial direction, impacting Asana's performance and investor sentiment. Leadership stability can affect stock valuation.
Summary - Asana, Inc. appointed Josh Abdulla as Head of Customer Experience, reporting to Chief Revenue Officer Ed McDonnell. Abdulla has over 23 years of experience in customer-facing roles.
Why It Matters - Josh Abdulla's appointment signals Asana's focus on enhancing customer experience, potentially driving user satisfaction and retention, which can positively impact revenue growth and stock performance.