Shares of Asana Inc (NYSE:ASAN) tanked in early trading on Tuesday after the company reported downbeat fourth-quarter earnings on Monday.
Here are the key analyst insights:
- KeyBanc Capital Markets analyst Jackson Ader maintained an Overweight rating, but reduced the price target from $18 to $15.
- BTIG analyst Allan Verkhovski reiterated a Neutral rating on the stock.
Check out other analyst stock ratings.
KeyBanc Capital Markets: Asana posted total revenue of $205.6 million, merely $600,000 more than the midpoint of its guidance, Ader said. The midpoint of management’s total revenue guidance for fiscal 2027, at $854 million, fell short of consensus by $3.2 million, he added.
Although the guidance seems “disappointing,” there is “some potential upside,” the …