Asana price target raised to $20 from $13 at DA Davidson

DA Davidson analyst Lucky Schreiner raised the firm’s price target on Asana (ASAN) to $20 from $13 and keeps a Neutral rating on the shares. The company had a great start with Sonalee Parekh in her first quarter as CFO as it beat and raised numbers across the board thanks to prior investments starting to pay dividends and demand trends stabilizing, the analyst tells investors in a research note. Ms. Parekh detailed initiatives to drive revenue growth and margin expansion in FY26 focusing on more efficient utilizing of current resources, the firm added.