Asana price target lowered to $15 from $18 at Morgan Stanley

Morgan Stanley analyst Josh Baer lowered the firm’s price target on Asana (ASAN) to $15 from $18 and keeps an Equal Weight rating on the shares. Q4 left investors focused on “a tone change,” a lower growth outlook than expected, a major leadership change with co-founder, CEO and Chair Dustin Moskovitz planning to retire from the CEO position and questions on the conservatism of FY26 guidance, the analyst tells investors.