JMP Securities Maintains Market Outperform on Asana, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on Asana but lowered its price target from $27 to $21.
September 04, 2024 | 4:10 pm
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NEUTRAL IMPACT
JMP Securities has kept a Market Outperform rating on Asana, indicating confidence in its performance, but has reduced the price target from $27 to $21, suggesting a more conservative outlook.
The maintenance of a Market Outperform rating suggests continued confidence in Asana's performance. However, the lowered price target indicates a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100