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RBC Capital Upgrades Asana (ASAN) with a $7 Price Target
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Asana, Inc. (NYSE:ASAN) is one of the 8 Buy-Rated All-Time Low Stocks to Buy. On April 1, 2026, RBC Capital analyst Rishi Jaluria upgraded Asana, Inc. (NYSE:ASAN) to Sector Perform with an unchanged $7 price target following meetings with management. Rishi Jaluria said AI Studio has reached $6M in annual recurring revenue with eight customers spending at least $100,000, and noted the AI Teammates beta launched with 200 customers as an entry point for broader adoption. Rishi Jaluria added that the company is seeing “strong feedback” on both products and expects AI to contribute 15% of new annual recurring revenue this year. Last month, KeyBanc analyst Jackson Ader lowered the price target on Asana to $15 from $18 and maintained an Overweight rating. Jackson Ader said expectations for stabilization in the low-end funnel, improvements in the tech sector, and acceleration from AI products are materializing but not enough to support overall business growth, resulting in a weaker outlook. Similarly, BofA lowered its price target on Asana to $14 from $17 and maintained a Buy rating, noting progress in net revenue retention and gross retention trends but saying results and guidance were not “incrementally positive enough” to act as a catalyst, while adjusting estimates and multiples. Earlier, Asana reported Q4 adjusted EPS of 8c compared to the 7c consensus estimate, with revenue of $205.57M versus $205.13M consensus. Asana, Inc. (NYSE:ASAN) provides work management software for individuals and organizations. While we acknowledge the potential of ASAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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