HSBC analyst Stephen Bersey lowered the firm’s price target on Asana to $16 from $18 and keeps a Reduce rating on the shares following the Q4 report. The company is seeing “anemic” revenue growth amid continuing macro headwinds, the analyst tells investors in a research note. The firm says Asana’s fiscal 2025 guidance points to even slower sales growth and only modest operating margin expansion.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ASAN:
