Asana price target raised to $19 from $12 at Piper Sandler

Piper Sandler raised the firm’s price target on Asana (ASAN) to $19 from $12 and keeps a Neutral rating on the shares following Q3 results. The firm noted that Asana continues to operate in a challenging environment, underpinned by increased budget scrutiny, and longer sales cycles. Piper said it increased its price target to better reflect “improving” prospects that growth stabilizes in the low-teens.