Asana price target lowered to $22 from $25 at Citizens JMP

Citizens JMP lowered the firm’s price target on Asana (ASAN) to $22 from $25 and keeps an Outperform rating on the shares. Asana reported better-than-expected Q4 results, though its outlook for fiscal 2026 was “weak,” the analyst tells investors in a research note. Dustin Moskovitz’s plan to retire from the CEO role creates new risk, particularly given his 53% ownership of the business, but Citizens views the company as an opportunity for capital appreciation.