Piper Sandler Maintains Overweight Rating for Asana: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Asana ASAN and lower its price target from $28.00 to $24.00.

Shares of Asana are trading up 4.53% over the last 24 hours, at $19.60 per share.

A move to $24.00 would account for a 22.45% increase from the current share price.

About Asana

Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. It helps plan marketing campaigns, streamlines processes, manages sales, and manage product launches. Also, the company provides project management and workflow management solutions.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.