DA Davidson lowered the firm’s price target on Asana (ASAN) to $15 from $17 and keeps a Neutral rating on the shares. The company’s Q3 results beat top and bottom line expectations, with net retention rates having improved sequentially across all cohorts, the analyst tells investors in a research note. While the firm sees potential upside to revenue from AI Studio in FY27, it is also on the sidelines given heavy competition around agents and continued uncertainty with upcoming renewals, DA Davidson added.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASAN: