B of A Securities Maintains Buy on Asana, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Asana but lowered its price target from $18 to $16.
September 04, 2024 | 11:39 am
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B of A Securities has maintained a Buy rating on Asana, indicating continued confidence in the company's potential. However, the price target has been lowered from $18 to $16, suggesting a more cautious outlook on its short-term performance.
The maintenance of a Buy rating suggests that analysts still see potential upside in Asana's stock. However, the reduction in the price target from $18 to $16 indicates a tempered expectation of growth or performance, possibly due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100