Asana Posts First Ever Positive Operating Margin, Signs Largest Heal In History
1. Asana shares dropped 17.71% despite an earnings beat. 2. Piper Sandler raised ASAN price target to $19, maintaining Overweight rating. 3. RBC Capital Markets reiterated Underperform rating with a $10 target. 4. Asana's operating margin improved, but revenue guidance was widened amidst risks. 5. Major deal slipped into next quarter, affecting billings expectations.