D.A. Davidson keeps Neutral on Asana stock with USD 9 target

Published on 10/06/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 216.4 million. Asana stock costs EUR 8.18 on October 6, 2026 after EUR 8.11, plus 0.86 percent.

ASAN, US04342Y1047, Illustration mit AI erstellt.

Asana (ISIN US04342Y1047) was trading at EUR 8.18 at Lang & Schwarz on October 6, 2026 at 1:41 p.m. CEST, while D.A. Davidson maintained a Neutral rating and a USD 9.00 target on October 5, 2026, according to Investing.com. The latest analyst view puts execution of Asana's multi-product strategy ahead of a higher valuation.

Revenue reaches USD 216.4 million

In the second quarter of fiscal 2027 ended July 31, 2026, Asana generated USD 216.4 million in revenue, a 10.00 percent increase from the same quarter a year earlier. The result exceeded the high end of the company's previous guidance, while non-GAAP operating margin reached 10.10 percent, according to The Globe and Mail. Dollar-based net retention improved to 97.00 percent from 96.00 percent in the previous quarter, giving growth a measurable quality signal.

Management guided for third-quarter fiscal 2027 revenue of USD 217.0 million to USD 219.0 million and full-year fiscal 2027 revenue of USD 858.5 million to USD 863.5 million. The full-year range implies 9.00 percent growth at its midpoint, but the transition to consumption-based AI pricing carries a USD 1.2 million revenue timing impact in the second half of fiscal 2027, according to The Globe and Mail.

Board expands from seven to nine

Asana's governance structure changed on September 25, 2026, when CEO Dan Rogers became board chair, succeeding co-founder Dustin Moskovitz. The board also appointed Tom Berquist and Jerry Ting as directors, increased its size from seven to nine members, and named Heather Le chief accounting officer, according to Asana.

The appointments add enterprise software finance experience through Berquist and applied artificial intelligence expertise through Ting. Moskovitz remains a director, so the change combines a stronger operating role for Rogers with continued founder representation rather than a complete leadership exit.

Analyst targets remain close

D.A. Davidson's USD 9.00 target is below the USD 9.95 average target tracked by MarketBeat on September 22, 2026. That consensus comprised four Buy, eight Hold and two Sell ratings from 14 analysts, leaving the revenue improvement balanced against ongoing product-led growth pressure.

EUR 8.18 in trading

Asana was trading at EUR 8.18 at Lang & Schwarz on October 6, 2026 at 1:41 p.m. CEST, up 0.86 percent versus the prior close of EUR 8.11. The primary listing is on the New York Stock Exchange, where the October 5, 2026 quote was USD 9.14, with a market capitalization of USD 2.2 billion and a 52-week range of USD 5.38 to USD 15.48.