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Kim Bolton Asana ASAN-N BUY Mar 31, 2021

Leader in collaboration/work management. Increases accountability at every level. Increasing interest rates fostered concerns about its valuation. Price target of $37.25. Likes it.

Kim Bolton

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$28.580

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SELL

Leader in collaboration. Lots of competition. Aims to provide clarity at every level of an organization. Phenomenal company. Great leadership. He sold at his price target. It's rich.

DON'T BUY

Collaboration software. Topline has had phenomenal growth. Operating leverage concerns him. Losses are growing faster than revenue. If we get a correction away from tech stocks, this kind of company will really get hit. Interesting company, but risk/reward is too binary.

BUY ON WEAKNESS

He sold at his target of $80, and now it's up. Phenomenal company. Work collaboration/management space. Growth rates are phenomenal, valuation is conservative, smart co-founders. You could buy it here around $127, more at 100, and then at 75. $170 price target in 12 months.

BUY

Very good product. One of the high flyers in tech. Downturn in the sector with people going back to the office. If you believe in it and you're prepared to hold it for 5-10 years, it's a good time to buy. It will continue to grow and have a major share of the market.

PAST TOP PICK

(A Top Pick Nov 24/20, Up 367%) Fantastic story. Addressable market of at least $30B. A leader in the space. Price target of $128.50. You could buy in thirds here at $106,101, and 95. Put a stop between $88-90.

BUY

ASAN vs. CTS Go with ASAN, it's the cutting edge company out there for collaboration and work management. ASAN's market cap is only 13B, but it has heavy hitters at the top. 12-month price target of $103.40.

RISKY

He uses their software to manage data among customers and employees. A young company and aren't making money yet. Enjoyed a rally during the pandemic, but has fallen since then. This could emerge strong under their leadership.Hang on and see how it recovers. Wait 5 years before you know it's a winner. Be patient.

WAIT

They compete with Slack, for example, but lead this sector. He used to own it until early 2022 with many software stocks. He targets $20.50. He will rebuy when the macro picture gets clearer. Boasts 30-35% growth. Asana has deep pockets.

DON'T BUY

They're too early stage, and he wants to see profitability first.

DON'T BUY

This is a loss making company and is not making a lot of cash. The power is now in the hands of the lenders and not the borrowers so there may not be a lot of money in the market to fund these kinds of companies. He likes cash flow generators.

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Kim Bolton Asana ASAN-N BUY Mar 31, 2021

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