JP Morgan Maintains Underweight on Asana, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains an Underweight rating on Asana and lowers the price target from $15 to $13.
September 04, 2024 | 10:20 pm
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NEGATIVE IMPACT
JP Morgan analyst Pinjalim Bora has maintained an Underweight rating on Asana and reduced the price target from $15 to $13, indicating a bearish outlook.
The reduction in price target from $15 to $13 by JP Morgan suggests a negative outlook on Asana's stock performance. The Underweight rating indicates that the analyst expects the stock to underperform relative to the market. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100