Asana price target lowered to $20 from $23 at Oppenheimer

Oppenheimer lowered the firm’s price target on Asana to $20 from $23 and keeps an Outperform rating on the shares. The firm notes that Asana reported better than expected Q2 results. However, ongoing macro headwinds on seat expansion and deal pushouts led to a Q3 miss. Oppenheimer expects this to weigh on investor sentiment, and it could create near-term volatility in the shares.