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....
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For further details see:
Asana: Don't Buy This Dip, Part 2