Morgan Stanley Maintains Equal-Weight on Asana, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has maintained an Equal-Weight rating on Asana (NYSE:ASAN) but reduced the price target from $23 to $21.

December 06, 2023 | 1:35 pm
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Morgan Stanley analyst Josh Baer maintains an Equal-Weight rating on Asana and lowers the price target from $23 to $21.
A reduction in the price target by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing short-term downward pressure on the stock price. The Equal-Weight rating suggests that the analyst sees the stock as fairly valued at its current price, which may mitigate some negative impact.
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