Asana, Inc. (NYSE: ASAN) is set to announce its fourth-quarter earnings results after the closing bell on March 11, 2024. Analysts are expecting the San Francisco-based company to report a quarterly loss of 10 cents per share, an improvement from a loss of 15 cents per share in the same quarter last year. Revenue is projected to reach $167.68 million, up from $150.23 million in the year-ago quarter.
In its third-quarter report released on December 5, Asana exceeded expectations, which bodes well for its upcoming earnings announcement. Following this news, Asana shares closed at $18.66, reflecting a 1.1% gain.
For investors looking to stay informed on the latest analyst ratings for Asana, they can visit the Analyst Stock Ratings page on Benzinga. Here, readers can sort ratings by stock ticker, company name, analyst firm, rating change, and other variables.
Benzinga’s most accurate analysts have recently shared their ratings on Asana. Piper Sandler analyst Brent Bracelin maintained an Underweight rating and raised the price target from $16 to $18 on January 2, 2024, boasting an accuracy rate of 76%. Morgan Stanley analyst Josh Baer maintained an Equal-Weight rating and lowered the price target from $23 to $21 on December 6, 2023, with a 61% accuracy rate. HSBC analyst Stephen Bersey downgraded the stock from Hold to Reduce with a price target of $18 on December 6, 2023, with a 62% accuracy rate. Citigroup analyst Steven Enders maintained a Neutral rating and reduced the price target from $24 to $20 on October 4, 2023, with a 61% accuracy rate.
Investors and analysts alike will be eagerly awaiting Asana’s earnings release to gain insights into the company’s performance and future prospects. Stay tuned for more updates on Asana, Inc.
