Asana (ASAN) PT Lowered to $15 at Morgan Stanley
Morgan Stanley analyst Josh Baer lowered the price target on Asana (NYSE: ASAN) to $15.00 (from $18.00) while maintaining a Equalweight rating.
The analyst comments "After Q3's beat & raise, bullish AI Studio commentary, core stabilization and promise of significant margin expansion, Q4 left investors focused on a tone change, lower growth outlook than expected, a major leadership change and q's on the conservatism of FY26 guidance given the macro backdrop. EW."