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/ASAN
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Asana Inc

Asana Inc

ASAN
$7.69USD↑+0.65%+0.05 today

MARKET CAP

1.8B

P/E (TTM)

24.6x

FWD P/E

19.4x

DAY RANGE

$8 – $8

52W RANGE

$5
$16

AI Summary

Stalk
Buy NowMedium

ASAN is in an early Stage 1 consolidation marked by higher highs and higher lows and a Bullish Pivot Point signaling failed downside control and structural repair. Mean Reversion Eligibility enforces a bullish medium-term bias, while short-term price is holding above the rising 9/21 EMA regime with no exhaustion. Under the Growth at Reasonable Price strategy, immediate participation on pullbacks into EMA support is favored. The long-term downtrend remains an overhang, and key risks include a base breakdown or failure to hold the EMAs.

  • ↑Q1 FY2027 revenue grew 9.5% YoY to $205.1M, above guidance.
  • ↑AI Studio adoption projected to contribute 15% of new ARR in FY27.
  • ↓Negative earnings yield and weak profitability factors pose valuation risk.
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The case for & against

Bull & Bear analysis

Bearish

Asana, Inc. (NYSE: ASAN) is a leading work management platform specializing in collaborative tools that enhance team productivity through effective workflow orchestration. The company integrates artificial intelligence into its operations, enabling organizations to streamline their processes—a pivotal aspect in light of the growing digital workplace trend. Asana is instrumental in addressing the rising demand for AI-driven solutions, aiming to redefine work management by positioning itself at the center of AI and human interaction.

Bull says

  • ↑Q1 FY2027 revenue grew 9.5% YoY to $205.1M, above guidance.
  • ↑AI Studio adoption projected to contribute 15% of new ARR in FY27.
  • ↑Dollar-based net retention rate improved to 97% in Q1 FY2027.
  • ↑Repurchased $45M in shares at $6.11, underlining strong cash flow.
  • ↑International revenue rose 12% YoY, driven by EMEA and Japan markets.
  • ↑High growth factor and positive analyst revisions signal robust outlook.

Bear says

  • ↓Negative earnings yield and weak profitability factors pose valuation risk.
  • ↓CEO and CFO insider sales triggered a 5.9% share price drop.
  • ↓Momentum factor is negative, indicating recent price underperformance.
  • ↓Low book-to-price ratio suggests stock may be overvalued versus assets.
  • ↓Self-serve SMB model faces top-of-funnel pressures, risking growth.
  • ↓High size factor exposure suggests vulnerability amid intense competition.

Investment themes with ASAN

Software↓ -1.57%

Cloud-based digital tools powering business productivity and innovation

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Recent IPOs↓ -0.74%

Companies that recently went public

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-28-2026neutral

Transcript signals

Bull points

  • International markets remain a key strength for our business, driven by growing global demand for our platform, especially in EMEA and Japan. As organizations worldwide recognize the value of Asana in improving coordination and driving productivity, our international revenue grew 11% year over year.
  • New business remains strong, and our investment in vertically focused go-to-market teams and driving adoption of vertical-specific product use cases is resulting in strong growth in our non-tech verticals, which grew once again in the mid-teens, accounting for over 70% of our business.
  • Additionally, they have invested in AI Studio to optimize work and automate various manual tasks, further enhancing operational efficiency.

Bear points

  • However, we are beginning to see some increase to buyer scrutiny and elongation in decisions related to broader consolidation or software stack transformation efforts.
  • I think my perspective is mainly just that, you know, AI is real, and we're not really prepared for it. And I think that that was, you know, mostly what Dario was going for is he's trying to, he's not trying to, you know, solve the problem from from his seat as a CEO in one company, but trying to get the attention of society and get the attention of government on it.
  • I think that would be the ideal kind of solution because I think it will be very, very tough to transition the entire working population into a new way of working.
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