Bank of America Securities analyst Matt Bullock has reiterated their bullish stance on ASAN stock, giving a Buy rating today.
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Matt Bullock has given his Buy rating due to a combination of factors tied to Asana’s fundamentals and valuation. He views the company’s improving net revenue retention, signs of better gross retention, and early evidence of reaccelerating enterprise demand as indicators that the core business is strengthening despite a conservative fiscal 2027 outlook.
He also highlights that headwinds from self-serve AI features are already reflected in guidance, which could allow for upside as conditions normalize and the technology vertical stabilizes. In addition, he notes that the stock trades at a low revenue multiple and is supported by a sizable share repurchase authorization, which together create an attractive risk‑reward profile even as he trims the price objective to $14.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $15.00 price target.