ASAN - Asana Stock Popped 30.8% in October. Here's Why.
Shares of workplace management platform Asana (NYSE: ASAN) advanced 30.8% in October, according to data from S&P Global Market Intelligence . The stock got an analyst upgrade last month and was buoyed by the resurgence of growth stocks. Also, the company announced new collaborations for its partner ecosystem.
On Oct. 25, shares of Asana jumped after Morgan Stanley raised its price target on the stock from $37 to $151 a share. Even after the price increase last month, Asana only trades at around $131 a share, so this upgrade likely caused other investors to become bullish on Asana stock.
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Asana Stock Popped 30.8% in October. Here's Why.