Asana (NYSE:ASAN) Price Target Raised to $9.00

Posted by Geri Gentry on Sep 4th, 2026

Asana (NYSE:ASAN – Get Free Report) had its price objective upped by equities researchers at Piper Sandler from $7.00 to $9.00 in a report issued on Friday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential downside of 10.45% from the stock’s current price.

ASAN has been the topic of a number of other research reports. Citizens Jmp restated a “market outperform” rating and set a $15.00 price target on shares of Asana in a research report on Tuesday, July 7th. UBS Group restated a “neutral” rating and issued a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Barclays cut shares of Asana to an “outperform” rating in a research report on Monday, August 24th. DA Davidson restated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Asana in a research note on Monday, August 24th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.45.

Check Out Our Latest Report on Asana

Asana Price Performance

Shares of Asana stock opened at $10.05 on Friday. Asana has a 1 year low of $5.38 and a 1 year high of $15.71. The firm has a market cap of $2.32 billion, a PE ratio of -14.57 and a beta of 0.95. The company has a 50 day simple moving average of $8.40 and a two-hundred day simple moving average of $7.36.

Asana (NYSE:ASAN – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.15 million. During the same quarter last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, research analysts anticipate that Asana will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In other Asana news, CEO Daniel Rogers sold 26,975 shares of Asana stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $179,653.50. Following the transaction, the chief executive officer directly owned 1,905,780 shares of the company’s stock, valued at $12,692,494.80. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Veronica Sosa sold 11,378 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the sale, the chief accounting officer owned 62,344 shares of the company’s stock, valued at $415,211.04. The trade was a 15.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 119,959 shares of company stock valued at $809,325 over the last quarter. Company insiders own 87.54% of the company’s stock.

Institutional Investors Weigh In On Asana

Several institutional investors have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its position in shares of Asana by 705.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after acquiring an additional 1,204,232 shares during the period. Bank of America Corp DE grew its stake in shares of Asana by 92.6% in the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after purchasing an additional 1,075,572 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Asana by 250.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock worth $3,410,000 after purchasing an additional 380,741 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Asana during the 1st quarter valued at approximately $1,016,000. Finally, Bank of New York Mellon Corp raised its position in Asana by 49.3% during the 1st quarter. Bank of New York Mellon Corp now owns 856,622 shares of the company’s stock valued at $5,482,000 after purchasing an additional 283,054 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Key Asana News

Here are the key news stories impacting Asana this week:

Positive Sentiment: Asana reported fiscal Q2 2027 adjusted earnings of $0.10 per share, above the $0.09 consensus estimate, while revenue rose 9.9% year over year to $216.43 million, exceeding expectations of $214.15 million. Asana Announces Second Quarter Fiscal 2027 Results
Positive Sentiment: Management raised fiscal 2027 adjusted EPS guidance to $0.37, well above the $0.22 analyst consensus, and forecast revenue of $858.5 million to $863.5 million, broadly in line with the $860.7 million consensus. Asana forecasts FY2027 revenue and Agentic Work Management rollout
Positive Sentiment: Asana plans to roll out its “Agentic Work Management” offering in mid-September and cited improving retention, stronger upmarket sales momentum and growing adoption of its AI products as potential growth drivers.
Neutral Sentiment: Third-quarter EPS guidance of $0.08 is above the $0.05 consensus, but revenue guidance of $217 million to $219 million is centered near expectations, offering limited evidence of accelerating top-line growth.
Negative Sentiment: The stock initially declined after the report despite the earnings beat. Investors appeared focused on Asana’s modest near-term revenue outlook and ongoing profitability concerns, including a negative net margin and negative return on equity. Asana stock reaction to Q3 outlook

Asana Company Profile

(Get Free Report)

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.