Jim Cramer on Asana: “I Have to Agree With the People Who Are Selling It”

Asana, Inc. (NYSE:ASAN) was among the stocks Jim Cramer discussed on Mad Money as he addressed investors’ recent overblown worries and growth stocks stuck in bear-market territory. Toward the end of the lightning round, when a caller asked for Cramer’s thoughts on the stock, he said:

Yeah, this is another one that’s going to be disrupted by AI, and I have to agree with the people who are selling it. I think it’s going to be actually hurt by that.

A stock market chart. Photo by Arturo A on Pexels

Asana, Inc. (NYSE:ASAN) provides a work management platform that uses a proprietary data model and AI agents to help teams automate tasks and coordinate projects. On April 14, The Fly reported that Piper Sandler downgraded the company’s stock to Neutral from Overweight and lowered its price target to $7 from $9. The firm noted the challenging conditions enterprise software has faced in 2026 as frontier model providers compete with incumbents for IT budgets. Piper Sandler pointed out that Asana, Inc. (NYSE:ASAN) is in a “no man’s land” when it comes to growth and profitability.

While we acknowledge the risk and potential of ASAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASAN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.