2024-02-06 07:14:17 ET
Summary
- I'm apprehensive about its struggles and the relatively high 5x forward sales valuation.
- I see challenges in the form of macroeconomic headwinds affecting renewals and a maturing customer adoption curve.
- I retain a cautious stance on Asana's outlook.
Investment Thesis
Asana (ASAN) was once a high flying with so much promise. Today, the business has fallen from grace and I argue that it's unlikely to return to its former glory at any point soon....
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For further details see:
Asana Outlook: Path To Profitability And Skepticism