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

Asana, Inc. (NYSE:ASAN) is one of the 8 Buy-Rated All-Time Low Stocks to Buy. On April 1, 2026, RBC Capital analyst Rishi Jaluria upgraded Asana, Inc. (NYSE:ASAN) to Sector Perform with an unchanged $7 price target following meetings with management. Rishi Jaluria said AI Studio has reached $6M in annual recurring revenue with eight customers spending at least $100,000, and noted the AI Teammates beta launched with 200 customers as an entry point for broader adoption. Rishi Jaluria added that the company is seeing “strong feedback” on both products and expects AI to contribute 15% of new annual recurring revenue this year.

Last month, KeyBanc analyst Jackson Ader lowered the price target on Asana to $15 from $18 and maintained an Overweight rating. Jackson Ader said expectations for stabilization in the low-end funnel, improvements in the tech sector, and acceleration from AI products are materializing but not enough to support overall business growth, resulting in a weaker outlook. Similarly, BofA lowered its price target on Asana to $14 from $17 and maintained a Buy rating, noting progress in net revenue retention and gross retention trends but saying results and guidance were not “incrementally positive enough” to act as a catalyst, while 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 consensus estimate, with revenue of $205.57M versus $205.13M consensus.

Asana, Inc. (NYSE:ASAN) provides work management software for individuals and organizations.

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.

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