Asana price target raised to $25 from $21 at JMP Securities

JMP Securities raised the firm’s price target on Asana (ASAN) to $25 from $21 and keeps an Outperform rating on the shares. Asana reported modestly better-than-expected Q3 results and guidance was also mostly better than feared, the analyst tells investors in a research note. While Asana has yet to reaccelerate with Q3 being its third quarter of 10% revenue growth in a row, JMP continues to view the company as an opportunity for capital appreciation.