Piper Sandler lowered the firm’s price target on Asana (ASAN) to $9 from $14 and keeps an Overweight rating on the shares. The firm notes the company continues to execute on its turnaround, with improvements in down sells and expansion, accelerating cRPO growth of 17% year-over-year, and AI cross-sell. Encouragingly, AI is expected to be 15% of NNARR in FY27, aided by the GA of AI Teammates.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASAN:
- Asana price target lowered to $15 from $18 at KeyBanc
- Asana price target lowered to $9 from $16 at Baird
- Asana price target lowered to $14 from $17 at BofA
- Asana: Growth Deceleration, Murky AI Monetization, and Premium Valuation Support Underweight Rating
- Asana: Strengthening Fundamentals and Attractive Valuation Support Buy Rating Despite Lowered $14 Target