Assessing Asana: Insights From 7 Financial Analysts
Portfolio Pulse from Benzinga Insights
Asana (NYSE:ASAN) has been rated by 7 analysts in the past three months, with a shift towards a more bearish stance in the last 30 days. The average 12-month price target for ASAN is now $19.57, down from $20.25. Analysts from firms including Piper Sandler, Morgan Stanley, Oppenheimer, HSBC, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Asana's financial performance shows a market cap below industry average, revenue growth of 17.72%, but lagging net margin, ROE, and ROA. The company has a conservative debt-to-equity ratio of 0.85.
January 02, 2024 | 4:00 pm
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NEGATIVE IMPACT
Asana's stock may face short-term pressure due to the more bearish sentiment from analysts and the lowered average price target. The company's financial performance shows mixed results, which could also influence investor sentiment.
The bearish shift in analyst sentiment, as evidenced by the increase in 'Somewhat Bearish' ratings and the decrease in the average price target, is likely to negatively impact investor confidence and ASAN's stock price in the short term. The financial performance data, such as below-average market cap and profitability metrics, support the analysts' cautious stance, adding further potential downward pressure on the stock.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100