HSBC Downgrades Asana to Reduce, Maintains Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has downgraded Asana (NYSE:ASAN) from Hold to Reduce while maintaining the price target at $18.
December 06, 2023 | 11:03 am
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NEGATIVE IMPACT
HSBC analyst downgrades Asana from Hold to Reduce, price target remains at $18.
The downgrade from 'Hold' to 'Reduce' by HSBC suggests a negative outlook on Asana's stock, which could lead to a decrease in investor confidence and a potential short-term decline in the stock price. The maintained price target indicates that the analyst does not see further downside beyond $18 at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100