Asana price target raised to $18 from $14 at Morgan Stanley

Morgan Stanley analyst Josh Baer raised the firm’s price target on Asana (ASAN) to $18 from $14 and keeps an Equal Weight rating on the shares. Stable results and some metrics showing signs of improvement “helped to build the case for a path to accelerating growth and more meaningful margin expansion,” but these positives appear priced-into the stock in the after-hours, the analyst tells investors.