What's Going On With Asana Shares Wednesday?
Portfolio Pulse from Dylan Berman
Asana, Inc. (NYSE:ASAN) shares are trading lower after the company reported better-than-expected Q2 results but issued Q3 guidance below estimates. Despite growth in core customers and revenue, analysts adjusted price targets, contributing to a 7.07% drop in share price.
September 04, 2024 | 4:26 pm
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NEGATIVE IMPACT
Asana's stock fell 7.07% after reporting Q2 results that beat expectations but issuing Q3 guidance below estimates. Analysts adjusted price targets, reflecting mixed sentiment.
Asana reported better-than-expected Q2 results but issued Q3 guidance below analyst estimates, leading to a 7.07% drop in share price. Analysts adjusted price targets, indicating mixed sentiment. The negative guidance and analyst reactions are likely to pressure the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100