Keybanc Downgrades Asana to Underweight, Announces $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Ader downgraded Asana (NYSE:ASAN) from Sector Weight to Underweight and set a new price target of $14.
March 21, 2024 | 3:39 pm
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Asana was downgraded by Keybanc from Sector Weight to Underweight with a new price target of $14.
The downgrade by a prominent analyst like Jason Ader from Keybanc can have a significant negative impact on investor sentiment towards Asana, potentially leading to a decrease in its stock price in the short term. The setting of a new price target at $14, which is likely below its current trading price, further emphasizes the analyst's bearish outlook on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100