ASAN-N
Leader in collaboration and work management space. Growth faster than others. Analysts' valuation based on 30% growth, but he sees about 45% growth. Co-founders were also co-founders of Facebook, so follow the smart people. Buy around $22. Price target of $36. No dividend. (Analysts’ price target is $27.00)
Another fast-growing cloud play that launched in a direct listing today. Reference price was $12, the opening price was $27, and is closed at $28.80. Asana was founded by a couple of Facebook co-founders. It offers a work management software that helps workers (including remote workers) to save time and be more productive. Margins have been sinking as ASAN is burning cash. They're spending a lot on marketing, up 92% in the first half of 2020. Revenues rose too, though in that period. Problem is this software management space is getting crowded with a lot of competitors which are already turning a profit. Also direct-listing tech stocks have a lousy track record. This is priced for perfection.
Another fast-growing cloud play that launched in a direct listing today. Reference price was $12, the opening price was $27, and is closed at $28.80. Asana was founded by a couple of Facebook co-founders. It offers a work management software that helps workers (including remote workers) to save time and be more productive. Margins have been sinking as ASAN is burning cash. They're spending a lot on marketing, up 92% in the first half of 2020. Revenues rose too, though in that period. Problem is this software management space is getting crowded with a lot of competitors which are already turning a profit. Also direct-listing tech stocks have a lousy track record. This is priced for perfection.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Asana is a American stock, trading under the symbol ASAN-N on the New York Stock Exchange (ASAN). It is usually referred to as NYSE:ASAN or ASAN-N
In the last year, 1 stock analyst published opinions about ASAN-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Asana.
Asana was recommended as a Top Pick by Kim Bolton on 2020-11-24. Read the latest stock experts ratings for Asana.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Asana In the last year. It is a trending stock that is worth watching.
On 2020-11-25, Asana (ASAN-N) stock closed at a price of $25.82.
Leader in collaboration and work management space. Growth faster than others. Analysts' valuation based on 30% growth, but he sees about 45% growth. Co-founders were also co-founders of Facebook, so follow the smart people. Buy around $22. Price target of $36. No dividend. (Analysts’ price target is $27.00)