ADBE - Asana: The Stronger Business Won't Be Crushed Like Its Stock Prices
- ASAN has delivered strong growth for the recent quarter (67% YOY) and projects a 40% growth rate for the fiscal year 2023.
- All CEOs in the peer group have seen significant industry tailwinds for work management services.
- ASAN has surpassed Smartsheet with a larger customer group who paid 5k+. Its user engagement metrics are also the best.
- ASAN is a sticky subscription-based business. As it continues to scale its customer base, the likelihood of delivering sustained growth is very high.
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Asana: The Stronger Business Won't Be Crushed Like Its Stock Prices