In a recent analysis, Morgan Stanley has revised its price target for Asana (ASAN, Financial), moving it down from $15 to $14. This adjustment comes as part of the firm's broader evaluation of several software companies, where they are reassessing the balance between potential risks and rewards.
The move reflects concerns over uncertainties related to tariffs, and how these risks are impacting current share valuations across the software sector. Despite the change in price target, Morgan Stanley maintains an Equal Weight rating for Asana, indicating a neutral outlook on the stock's performance in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Asana Inc (ASAN, Financial) is $16.01 with a high estimate of $23.00 and a low estimate of $12.00. The average target implies an upside of 3.28% from the current price of $15.50. More detailed estimate data can be found on the Asana Inc (ASAN) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Asana Inc's (ASAN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Asana Inc (ASAN, Financial) in one year is $23.16, suggesting a upside of 49.42% from the current price of $15.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Asana Inc (ASAN) Summary page.
