
Asana (ASAN) Stock Forecast & Price Target
Asana (ASAN) Analyst Ratings
Bulls say
Asana reported a total revenue of $187 million, reflecting a year-over-year growth at the midpoint of 7.6%. The number of customers contributing $100,000 in Annual Recurring Revenue (ARR) increased to 728, marking a significant 20% growth year-over-year. Additionally, strong operating margins of 4.3% during the first quarter highlighted Asana's effective cost management and operational efficiency, supporting a favorable financial outlook for the company.
Bears say
Asana's fiscal outlook is negatively impacted by expected pressure on its Net Revenue Retention (NRR) metrics, influenced by factors including a significant $100 million multi-year renewal. The company has adopted a conservative revenue guidance of 7-9% for the full year, reflecting early signs of increased deal scrutiny and downgrade activity, particularly in the Americas enterprise and technology sectors. This conservative outlook resulted in an 8% sell-off in after-hours trading, indicating waning investor confidence amid challenging market conditions.
This aggregate rating is based on analysts' research of Asana and is not a guaranteed prediction by Public.com or investment advice.
Asana (ASAN) Analyst Forecast & Price Prediction
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