Piper Sandler Reiterates Underweight on Asana, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has reiterated an Underweight rating on Asana (NYSE:ASAN) and maintained a price target of $16.
December 06, 2023 | 9:38 am
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Piper Sandler's reiteration of an Underweight rating and a $16 price target could negatively impact Asana's stock in the short term.
Analyst ratings can influence investor sentiment and stock prices. The reiteration of an Underweight rating suggests that Piper Sandler believes ASAN is overvalued or has limited upside potential, which could lead to bearish investor sentiment and a potential decrease in stock price in the short term.
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