In the last three months, 8 analysts have published ratings on Asana (NYSE:ASAN), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 6 | 1 | 0 |
| Last 30D | 0 | 1 | 4 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Asana and provided 12-month price targets. The average target is $15.88, accompanied by a high estimate of $25.00 and a low estimate of $10.00. This upward trend is apparent, with the current average reflecting a 23.48% increase from the previous average price target of $12.86.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Asana by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Raises | Hold | $16.00 | $13.00 |
| Jackson Ader | Keybanc | Maintains | Sector Weight | $10.00 | $10.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $25.00 | $21.00 |
| Rob Oliver | Baird | Raises | Neutral | $19.00 | $13.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $19.00 | $12.00 |
| Allan Verkhovski | Scotiabank | Announces | Sector Perform | $15.00 | - |
| Rishi Jaluria | RBC Capital | Maintains | Underperform | $10.00 | $10.00 |
| Lucky Schreiner | DA Davidson | Raises | Neutral | $13.00 | $11.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Asana. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Asana compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Asana's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Asana's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Asana analyst ratings.
All You Need to Know About Asana
Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.
Unraveling the Financial Story of Asana
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Asana's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 10.31%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -40.28%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Asana's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -23.6%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Asana's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -7.51%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.94, Asana faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
