Asana (ASAN) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ASAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASAN, but not buy additional shares or sell existing shares.
View ASAN analyst ratings or view top-rated stocks.

14 analysts have issued twelve-month price targets for Asana's stock. Their ASAN share price forecasts range from $10.00 to $30.00. On average, they anticipate the company's share price to reach $21.69 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for ASAN or view top-rated stocks among Wall Street analysts.

Asana's stock was trading at $13.77 on January 1st, 2023. Since then, ASAN shares have increased by 33.0% and is now trading at $18.32.
View the best growth stocks for 2023 here.

Asana saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 11,020,000 shares, an increase of 17.0% from the August 31st total of 9,420,000 shares. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 14.2% of the shares of the company are sold short.
View Asana's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our ASAN earnings forecast.

Asana, Inc. (NYSE:ASAN) released its earnings results on Tuesday, September, 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.07. The business earned $162.46 million during the quarter, compared to analysts' expectations of $157.91 million. Asana had a negative net margin of 54.21% and a negative trailing twelve-month return on equity of 87.79%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.59) earnings per share.

ETFs with the largest weight of Asana (NYSE:ASAN) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Cloud Computing Fund (WCLD), Direxion Moonshot Innovators ETF (MOON), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), SPDR FactSet Innovative Technology ETF (XITK) and Renaissance IPO ETF (IPO).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Asana issued an update on its third quarter 2024 earnings guidance on Tuesday, September, 5th. The company provided earnings per share guidance of -$0.11--$0.10 for the period, compared to the consensus estimate of -$0.15. The company issued revenue guidance of $163.50 million-$164.50 million, compared to the consensus revenue estimate of $162.84 million.

(ASAN) raised $0 in an initial public offering on Wednesday, September 30th 2020. The company issued 30,000,000 shares at $0.00 per share. None acted as the underwriter for the IPO.

Asana trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAN."

Shares of ASAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ASAN stock can currently be purchased for approximately $18.32.

Asana (NYSE:ASAN) has a market capitalization of $4.02 billion and generates $547.21 million in revenue each year. The company earns $-407,770,000.00 in net income (profit) each year or ($1.54) on an earnings per share basis.

The company employs 1,782 workers across the globe.

Asana's mailing address is 1550 BRYANT STREET SUITE 800, SAN FRANCISCO CA, 94103. The official website for the company is www.asana.com. The company can be reached via phone at 415-525-3888 or via email at ir@asana.com.