Asana Inc(ASAN:NYE) Piper Sandler lowers the target price to $35

STA Research
by: STA Research

Piper Sandler maintains Asana Inc with an Outperform rating and lowers the target price to $35 from $55 on the company’s stock.

Based on the Asana Inc stock forecasts from 11 analysts, the average analyst target price for Asana Inc is USD 66.00 over the next 12 months. Asana Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Asana Inc is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Asana Inc’s stock price was USD 24.11Asana Inc’s stock price has changed by +16.64% over the past week, -14.35% over the past month and -34.59% over the last year.

What we like:

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

 

 

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