Asana (ASAN) PT Lowered to $61 at KeyBanc
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Go back to Asana (ASAN) PT Lowered to $61 at KeyBanc
March 10, 2022 7:31 AM EST
Shares of Asana (NYSE: ASAN) are down nearly 25% in premarket trading Thursday after the company reported Q4 financial results and updated guidance.
Asana reported Q4 loss per share of 48c, compared to the loss per share of 39c in the year-ago period. The company posted revenue of $111.9 million in the quarter, up 64% YoY and above the analyst consensus of $105.3 million. Adjusted basic loss per share was reported at 25c.
For Q1 2023, Asana expects adjusted loss per share in the range of... More
March 10, 2022 6:53 AM EST
Berenberg analyst Andrew DeGasperi lowered the price target on Asana (NYSE: ASAN) to $88.00 (from $100.00) while maintaining a Buy rating.
The analyst commented, "Heavy investments a negative surprise, but we remain positive: ASAN shares are down 20% after-hours after the company reported top-line results... More
