12 Best Beaten Down Technology Stocks to Buy According to Wall Street Analysts

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5. Asana, Inc. (NYSE:ASAN)

Upside Potential: 108.10%

Number of Hedge Fund Holders: 31

Asana, Inc. (NYSE:ASAN) is navigating growing market skepticism ahead of its earnings release, scheduled for after the market close on March 2, 2026. The current outlook on the stock remains challenging from the analyst’s point of view, as only 35% of the covering analysts are bullish on the stock as of February 18, 2026.

Due to the company’s below-par profits in the past, Asana, Inc. (NYSE:ASAN) received criticism from HSBC on February 13, 2026. HSBC revised the price target on the stock, cutting it from $10 to $8. The firm maintained its Reduce rating.

Ten days earlier, Asana, Inc. (NYSE:ASAN) received mixed commentary from Piper Sandler. The firm cited seat compression and vibe-coding factors as key challenges for the company that are limiting the stock’s upside. Piper Sandler also reduced its target from $19 to $14 but reiterated an Overweight rating.

As broader analyst sentiment remains mixed over the software industry, Piper Sandler expressed its inclination toward the hyperscaler, consumption, and vertical sub-sectors. The firm did not comment on the company’s upcoming Q4 results.

Despite the softness in overall sentiment around Asana, Inc. (NYSE:ASAN), the consensus price target of $16.00 implies a 107.93% upside.

Asana, Inc. (NYSE:ASAN) helps businesses streamline their daily tasks and strategic cross-functional projects with its work management platform.

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