JMP Securities analyst Patrick Walravens lowered the firm’s price target on Asana to $21 from $27 and keeps an Outperform rating on the shares. Asana reported “mixed” Q2 results, with RPO growth as a bright point, the analyst tells investors in a research note. Guidance was overall disappointing, but while the company saw some big deals slip at quarter-end, continues to experience single-digit negative growth in the technology vertical, and faces some stiff competition, JMP views Asana as an opportunity for capital appreciation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASAN:
- Asana price target lowered to $13 from $15 at Citi
- Asana price target lowered to $13 from $17 at UBS
- Closing Bell Movers: GitLab up 14%, Zscaler down 14 after earnings
- Asana Announces CFO Transition and New Financial Leadership
- Asana down 12% at $11.65 after Q2 results, updated FY25 revenue guidance