These Analysts Revise Their Forecasts On Asana After Q3 Results

Core Insights - Asana Inc. reported better-than-expected results for Q3, with adjusted earnings of $0.07 per share, surpassing the analyst estimate of $0.06 [1] - Quarterly revenue reached $201.03 million, exceeding the Street estimate of $198.83 million [1] - CEO Dan Rogers highlighted continued improvement in Net Revenue Retention (NRR) and momentum with AI Studio [1] Financial Guidance - Asana raised its adjusted EPS guidance to a range of $0.25 to $0.26, lower than the analyst estimate of $0.34 [2] - The fiscal 2026 revenue outlook was increased to between $789 million and $791 million, compared to the $853.4 million estimate [2] - Following the earnings announcement, Asana shares increased by 6.2%, trading at $14.22 [2] Analyst Ratings - UBS analyst Taylor McGinnis maintained a Neutral rating on Asana, lowering the price target from $18 to $16 [4] - RBC Capital analyst Rishi Jaluria maintained an Underperform rating, raising the price target from $12 to $14 [4]