
Asana (ASAN) Stock Forecast & Price Target
Asana (ASAN) Analyst Ratings
Bulls say
Asana's positive outlook is bolstered by significant growth in its customer base, with $100K ARR customers increasing by 20% year-over-year to 728 in Q1. The company's total revenue reached $197 million, demonstrating a robust growth rate of 9.9% year-over-year, indicating strong operational performance and market demand. Additionally, improvements in net revenue retention metrics, logo churn, and expansions highlight the company's ability to enhance customer satisfaction and retention across key regions such as EMEA and Japan.
Bears say
Asana is facing downward pressure on its Net Revenue Retention (NRR) metrics, attributed to factors such as increased deal scrutiny and a significant multi-year renewal exceeding $100 million. The company has adjusted its full-year top-line growth guidance to a more conservative range of 7-9%, reflecting management's concerns regarding economic conditions affecting sales, particularly in the Americas enterprise and tech segments. These elements culminated in an 8% decline in stock price following the announcement, signaling investor apprehension about Asana's future revenue stability.
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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