Asana price target raised to $18 from $15 at Scotiabank

Scotiabank raised the firm’s price target on Asana (ASAN) to $18 from $15 and keeps a Sector Perform rating on the shares. The company’s key metrics accelerated growth in Q3, the analyst tells investors in a research note. The firm says it is increasingly confident in the company’s potential revenue acceleration next year and is encouraged by its stronger focus on margin expansion.