Asana Likely To Post Narrower Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Asana, Inc. ASAN is expected to report financial results for the second quarter fiscal year 2024, after the closing bell on Sept. 5, 2023.

Analysts expect the company to post a quarterly loss at 11 cents per share, versus a year-ago loss of 34 cents per share. The company’s revenue might come in at $157.91 million, compared to $134.9 million in the year-ago period.

Asana shares gained 0.7% to close at $21.63 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Steven Enders maintained a Neutral rating and increased the price target from $24 to $26 on June 22, 2023. This analyst has an accuracy rate of 64%.
• Piper Sandler analyst Brent Bracelin reiterated a Neutral rating with a price target of $24 on June 2, 2023. This analyst has an accuracy rate of 74%.
• Credit Suisse analyst Fred Lee reiterated a Neutral rating with a price target of $18 on March 13, 2023. This analyst has an accuracy rate of 63%.
• Baird analyst Rob Oliver maintained a Neutral rating and boosted the price target from $15 to $20 on March 9, 2023. This analyst has an accuracy rate of 74%.
• Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $18 to $15 on Jan. 6, 2023. This analyst has an accuracy rate of 74%.

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