Is Asana Choosing Growth Over Profits? 4 Analysts Drill Down Into Q4 Results
Portfolio Pulse from Priya Nigam
Asana Inc (NYSE:ASAN) shares dropped after Q4 results despite upbeat performance. Analysts have mixed views, with DA Davidson and JMP Securities seeing positive aspects, particularly in AI adoption and revenue growth, while RBC Capital Markets and Piper Sandler express concerns over profitability and cash burn. Price targets range from $10 to $27.
March 12, 2024 | 5:38 pm
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NEGATIVE IMPACT
Asana's Q4 results were positive, but concerns over profitability and cash burn led to a share price drop. Analysts have mixed ratings, with price targets between $10 and $27.
The drop in Asana's share price despite upbeat Q4 results is attributed to concerns over its profitability outlook and cash burn, as highlighted by analysts. Mixed analyst ratings and varied price targets reflect uncertainty and differing perspectives on the company's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100