
Asana (ASAN) Stock Forecast & Price Target
Asana (ASAN) Analyst Ratings
Bulls say
Asana's financial performance highlights a robust growth trajectory, with $100K ARR customers reaching 728 in Q1, representing a 20% year-over-year increase. The company achieved total revenue of $187 million, demonstrating a midpoint growth of 7.6%, which indicates strong demand for its SaaS-based work management solutions. Furthermore, Asana's operational efficiency is evidenced by an encouraging operating margin of 4.3% during Q1, suggesting effective cost management and profitability potential.
Bears say
Asana's financial outlook is negatively impacted by increased scrutiny on deals and downgrade activity, particularly within the Americas enterprise and technology segments. The company's fiscal guidance was adjusted to an incremental conservatism of 7-9% for top-line growth, which has raised concerns among investors. Furthermore, the expected pressure on Q2 net revenue retention (NRR) metrics, highlighted by a significant $100 million multi-year renewal, signals potential challenges in sustaining growth momentum.
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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