- Amid a correcting stock market, Asana has seen one of the most durable rallies in the tech sector this year.
- Shares of Asana have had a nearly uninterrupted 4x run since the start of the year.
- That run has been powered by furious growth, with Asana’s revenue growth even accelerating to 72% y/y in its most recent quarter.
- Still, with the stock now trading at near 50x next year’s revenue, it has instantly become one of the most expensive stocks in the software sector.
For further details see:
Asana: Don't Chase This Upward, This Stock Is Now Just A Speculation Trade