Oppenheimer Reaffirms Their Buy Rating on Asana (ASAN)

In a report released on September 7, George Iwanyc from Oppenheimer reiterated a Buy rating on Asana (ASANResearch Report), with a price target of $30.00. The company’s shares closed last Friday at $24.66.

According to TipRanks, Iwanyc is a 5-star analyst with an average return of 23.8% and a 51.35% success rate.

Currently, the analyst consensus on Asana is a Moderate Buy with an average price target of $26.42, implying a 7.14% upside from current levels. In a report released on September 8, JMP Securities also maintained a Buy rating on the stock with a $43.00 price target.

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ASAN market cap is currently $4.73B and has a P/E ratio of -12.54.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Asana Inc is a software company. The company provides platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. It helps plan marketing campaigns, streamline processes, manage sales, and manage product launches. Also, the company provides project management and workflow management solutions.

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