#3 - Asana (NYSE:ASAN)
If you believe that Microsoft still doesn’t offer enough value, then you should consider Asana (NYSE:ASAN). The software-as-a-service (SaaS) company and its subsidiaries operate a work management platform for individuals, team leads, and executives.
If that sounds like something that might compete with Microsoft Teams, you’d be right. But the two companies have decided they’re better together and have co-created a suite of offerings for Teams that allow customers to “communicate, coordinate, and collaborate more effectively.”
ASAN stock has only been publicly trading since October 2020. However the company has beat analysts expectations for EPS in every quarter. And the company has posted sequentially higher revenue in each of its five quarters, topping the $100 million mark for the first time in the quarter ending in October 2021.
With that said, the company is still not profitable, and three analysts have lowered their price targets for ASAN stock. That being said, all three analysts continue to have price targets that are above the consensus target which suggests that overall sentiment remains bullish.
About Asana
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.
Read More - Current Price
- $21.68
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $16.53 (23.7% Downside)
