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.
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