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home / news releases / asana don t buy this dip part 2


ASAN - Asana: Don't Buy This Dip Part 2

2024-06-03 09:18:04 ET

Summary

  • Asana is no longer a growth stock, with minimal increase in guidance for the remainder of fiscal 2025.
  • Asana's stock valuation is at 4x forward sales, indicating compressed growth rates and unprofitability for another year.
  • The bottom line is that Asana is a sell, as investors will have to wait at least two more years for profitability.

Investment Thesis

Asana ( ASAN ) was once a high-flying work management platform. But its latest results remind investors that this fallen angel is not a business that is about to regain its footing any time soon....

For further details see:

Asana: Don't Buy This Dip, Part 2
Stock Information

Company Name: Asana Inc. Class A
Stock Symbol: ASAN
Market: NYSE
Website: asana.com

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