Jefferies lowered the firm’s price target on Asana (ASAN) to $15 from $19 and keeps a Hold rating on the shares. Asana is guiding FY26 to a 2-3 point revenue deceleration as macro and tech sector headwinds persist, while CEO Dustin Moskovitz also announced plans to retire, the analyst noted. FY26 has “a lot of moving parts” against an uncertain macro backdrop, the analyst added.
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