Jefferies raised the firm’s price target on Asana (ASAN) to $16 from $13 and keeps a Hold rating on the shares. While stating after earnings that “there are signs of stabilization,” and “encouraging early response” to AI Studio, the firm adds that macro remains a headwind and that Asana continues to lose share to Monday.com (MNDY) and Smartsheet (SMAR).
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Read More on ASAN:
- Asana price target raised to $25 from $21 at JMP Securities
- Asana upgraded to Sector Weight from Underweight at KeyBanc
- Asana, Inc. Reports Strong Q3 Results and AI Launch
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- Asana up 19% at $18.37 after Q3 earnings beat, FY25 guidance raise
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
