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The latest update is out from Asana ( (ASAN) ).
On September 5, 2025, Asana, Inc. subleased a portion of its headquarters office space in San Francisco, amounting to approximately 55,513 square feet. This sublease is set to commence in October 2025 and last until September 2029. The company’s management has determined that this sublease will lead to impairment expenses estimated between $29 million and $32 million for the period ending October 31, 2025. These figures are preliminary and subject to change following the completion of financial statements and audits for the fiscal year ending January 31, 2026. However, Asana does not anticipate significant cash expenditures related to these impairment charges.
The most recent analyst rating on (ASAN) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Asana stock, see the ASAN Stock Forecast page.
Spark’s Take on ASAN Stock
According to Spark, TipRanks’ AI Analyst, ASAN is a Neutral.
Asana’s overall stock score is driven by strong gross margins and improved cash flow, but profitability challenges and a negative P/E ratio weigh heavily. The positive earnings call highlights growth in AI and international markets, providing some optimism. However, bearish technical indicators and sector headwinds present ongoing risks.
To see Spark’s full report on ASAN stock, click here.
More about Asana
Asana, Inc. operates in the technology industry, providing a work management platform designed to help teams organize, track, and manage their work. The company focuses on enhancing productivity and collaboration for businesses and organizations worldwide.
Average Trading Volume: 3,962,769
Technical Sentiment Signal: Sell
Current Market Cap: $3.18B
For detailed information about ASAN stock, go to TipRanks’ Stock Analysis page.