Asana (ASAN) PT Raised to $82 at JMP Securities Ahead of 2Q Report

JMP Securities analyst Patrick Walravens raised the price target on Asana (NYSE: ASAN) to $82.00 (from $50.00) while maintaining a Market Outperform rating ahead of the company's 2Q earnings report. ASAN is expected to report results after the market close on September 1st.

JMP Securities maintains a FY22 non-GAAP EPS of estimate of ($1.07), compared to the consensus of ($1.02) on revenue growth of 49% y/y, maintains FY23 non-GAAP EPS of estimate of ($0.97) (consensus ($0.99)) on revenue growth of 29% y/y, and maintains FY24 non-GAAP EPS estimate of ($0.65) (consensus ($0.70)) on revenue growth of 28% y/y.

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