RBC Capital Upgrades Asana (ASAN) with a $7 Price Target

1 week ago 16

Jeff Lewis

Sun, April 12, 2026 astatine 1:49 PM CDT 2 min read

Asana, Inc. (NYSE:ASAN) is 1 of the

8 Buy-Rated All-Time Low Stocks to Buy. On April 1, 2026, RBC Capital expert Rishi Jaluria upgraded Asana, Inc. (NYSE:ASAN) to Sector Perform with an unchanged $7 terms people pursuing meetings with management. Rishi Jaluria said AI Studio has reached $6M successful yearly recurring gross with 8 customers spending astatine slightest $100,000, and noted the AI Teammates beta launched with 200 customers arsenic an introduction constituent for broader adoption. Rishi Jaluria added that the institution is seeing “strong feedback” connected some products and expects AI to lend 15% of caller yearly recurring gross this year.

Last month, KeyBanc expert Jackson Ader lowered the terms people connected Asana to $15 from $18 and maintained an Overweight rating. Jackson Ader said expectations for stabilization successful the low-end funnel, improvements successful the tech sector, and acceleration from AI products are materializing but not capable to enactment wide concern growth, resulting successful a weaker outlook. Similarly, BofA lowered its terms people connected Asana to $14 from $17 and maintained a Buy rating, noting advancement successful nett gross retention and gross retention trends but saying results and guidance were not “incrementally affirmative enough” to enactment arsenic a catalyst, portion adjusting estimates and multiples.

RBC Capital Upgrades Asana (ASAN) with a $7 Price Target

Earlier, Asana reported Q4 adjusted EPS of 8c compared to the 7c statement estimate, with gross of $205.57M versus $205.13M consensus.

Asana, Inc. (NYSE:ASAN) provides enactment absorption bundle for individuals and organizations.

While we admit the imaginable of ASAN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

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