DA Davidson Downgrades Asana to Neutral, Announces $21 Price Target
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Robert Simmons downgrades Asana (NYSE:ASAN) from Buy to Neutral and announces a $21 price target.
June 02, 2023 | 1:03 pm
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NEGATIVE IMPACT
Asana downgraded to Neutral from Buy by DA Davidson analyst Robert Simmons, with a new price target of $21.
The downgrade from Buy to Neutral by DA Davidson analyst Robert Simmons indicates a less optimistic outlook for Asana's stock. The new price target of $21 suggests limited upside potential, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100