Piper Sandler Lowers Asana (ASAN) PT to $14 Following Platforms and Apps Group Reset

Asana Inc. (NYSE:ASAN) is one of the hidden AI stocks under $10 to buy. On February 3, Piper Sandler lowered its price target for Asana to $14 from $19, while keeping an Overweight rating following a transfer of coverage. This adjustment came as part of a broader move in which the firm downgraded three companies and reduced price targets across the platforms and apps group, citing seat-compression and vibe coding narratives as factors that could limit valuation multiples. Despite share declines over the ...