Piper Sandler analyst Brent Bracelin upgraded Asana (ASAN) to Overweight from Neutral with a price target of $27, up from $19. The company’s stabilization, cost discipline, and the artificial intelligence studio product cycle “could spark a recovery,” the analyst tells investors in a research note. Piper says its top picks for 2025 in cloud applications and analytics are centered on large and strategic vendors best poised to capitalize on artificial intelligence trends. 2025 and 2026 could usher in a renewed appetite to invest in the application and data layers after three years of moderating growth, the analyst tells investors in a research note.
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