What Analysts Are Saying About Asana Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings on Asana (NYSE:ASAN) with a recent average price target of $17.82, down from $19.73. The company's financials show challenges in profitability and debt management, despite revenue growth. Analysts' ratings reflect these concerns.
August 20, 2024 | 3:00 pm
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Asana's stock is facing mixed analyst ratings with a lowered average price target of $17.82. Financial challenges include a negative net margin, low ROE and ROA, and high debt-to-equity ratio, despite a 13.15% revenue growth.
The majority of analysts have lowered their price targets for Asana, reflecting concerns over its financial health, including negative profitability metrics and high debt levels. Despite some revenue growth, these factors are likely to pressure the stock price downward in the short term.
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IMPORTANCE 80
RELEVANCE 100