Asana (ASAN) Stock Forecast & Price Target

$23.31

+0.50 (+2.19%)

(As of 12/5/2023 ET)

Today's Range: $22.31
▼
$23.44
50-Day Range: $15.92
▼
$23.31
52-Week Range: $11.32
▼
$26.27

Volume: 6.11 million shs
Average Volume: 2.73 million shs
Market Capitalization: $5.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.00

Asana Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Reduce
Based on 13 Analyst Ratings

Analysts' Consensus Price Target

$20.86
-10.52% Downside

High Forecast	$30.00
Average Forecast	$20.86
Low Forecast	$10.00

Type	Current Forecast 12/6/22 to 12/6/23	1 Month Ago 11/6/22 to 11/6/23	3 Months Ago 9/7/22 to 9/7/23	1 Year Ago 12/6/21 to 12/6/22
Consensus Rating	Reduce	Reduce	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$20.86	$20.87	$22.41	$23.05
Predicted Upside	-10.52% Downside	14.00% Upside	14.26% Upside	-3.03% Downside

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ASAN Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ASAN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Asana Stock vs. The Competition

Type	Asana	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.55	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-9.91% Downside	674.29% Upside	4,581.61% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/23/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight	$24.00 ➝ $16.00	-12.85%
10/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$20.00	+9.41%
10/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$23.00	+34.90%
10/4/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$24.00 ➝ $20.00	+17.44%
10/4/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$10.00	-41.86%
10/3/2023	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$28.00 ➝ $23.00	+33.57%
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9/29/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$18.00	-2.44%
9/6/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$28.00	+49.02%
9/6/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$30.00	+58.39%
6/2/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Simmons Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$21.00	-8.10%
3/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$18.00	-13.54%
3/9/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$15.00 ➝ $23.00	+29.21%
3/9/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$15.00 ➝ $20.00	+12.36%
3/9/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$13.00 ➝ $24.00	+34.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:08 AM ET.

ASAN Price Target - Frequently Asked Questions

What is Asana's consensus rating and price target?: According to the issued ratings of 13 analysts in the last year, the consensus rating for Asana stock is Hold based on the current 3 sell ratings, 8 hold ratings and 2 buy ratings for ASAN. The average twelve-month price prediction for Asana is $20.86 with a high price target of $30.00 and a low price target of $10.00. Learn more on ASAN's analyst rating history.
Do Wall Street analysts like Asana more than its competitors?: Analysts like Asana less than other Computer and Technology companies. The consensus rating for Asana is Reduce while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how ASAN compares to other companies.
Is Asana being downgraded by Wall Street analysts?: Over the previous 90 days, Asana's stock had 2 downgrades by analysts.

Does Asana's stock price have much upside?: According to analysts, Asana's stock has a predicted upside of 5.25% based on their 12-month stock forecasts.
What analysts cover Asana?: Asana has been rated by Citigroup, FBN Securities, HSBC, Morgan Stanley, Oppenheimer, Piper Sandler, Royal Bank of Canada, and UBS Group in the past 90 days.

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This page (NYSE:ASAN) was last updated on 12/6/2023 by MarketBeat.com Staff

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