RBC on Asana (ASAN): 'Disappointing Growth Outlook as Tech Vertical Challenges Continue'

RBC Capital analyst Rishi Jaluria reiterated an Underperform rating and $10.00 price target on Asana (NYSE: ASAN).

The analyst commented: "Disappointing Growth Outlook as Tech Vertical Challenges Continue; Asana reported a rough quarter, leading shares down 28% after-hours. Q4 revenue upside was muted, NRR deteriorated further as tech customers show limited net expansion, but RPO accelerated (partially from multiyear deal impacts). Next, Asana announced co-founder and CEO Dustin Moskovitz will retire once a replacement has been named, and transition to Chair of the company. FY26 revenue guidance was below consensus and disappointed, and while an outlook of 5% operating margins was well ahead, we do not think this is enough to get investors excited. We remain Underperform with renewed signs of macro headwinds."

For an analyst ratings summary and ratings history on Asana click here. For more ratings news on Asana click here.

Shares of Asana closed at $16.68 yesterday.

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