Asana price target raised to $21 from $18 at DA Davidson

DA Davidson analyst Robert Simmons raised the firm’s price target on Asana to $21 from $18 and keeps a Buy rating on the shares. Asana posted a solid revenue performance while delivering its strongest margins to date, the analyst tells investors in a research note. The analyst believes the company has set itself up well to outperform through the year and to achieve its free cash flow goals. DA Davidson raised its price target, not upgraded the shares as previously reported.