Asana Analysts Cut Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
Asana, Inc. (NYSE:ASAN) reported a narrower-than-expected loss and higher-than-expected sales for Q1. Despite this, analysts from Piper Sandler and Keybanc lowered their price targets for the stock.
May 31, 2024 | 11:21 am
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Asana reported a narrower-than-expected loss of 6 cents per share and higher-than-expected sales of $172.45 million for Q1. Despite the positive results, Piper Sandler and Keybanc lowered their price targets for the stock.
Asana's Q1 results were better than expected, which is positive. However, the lowered price targets from Piper Sandler and Keybanc could offset the positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100