Wall Street Zen upgrades Asana stock to Buy

Published on 10/05/2026 at 04:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 216.43 million, up 9.90 percent year over year. Analysts set a USD 9.95 average target for Asana stock.

ASAN, US04342Y1047, Illustration mit AI erstellt.

Wall Street Zen upgraded Asana stock from Hold to Buy in a note dated October 4, 2026, according to MarketBeat. The move arrived while the broader analyst view remained Hold, with an average price target of USD 9.95.

Q2 revenue beat expectations

Asana's second-quarter fiscal 2027 revenue was USD 216.43 million, according to MarketBeat. The figure was 9.90 percent higher than in the year-earlier quarter and exceeded the USD 214.15 million consensus estimate by USD 2.28 million. The company's investor-relations page identifies the period as the quarter ended July 31, 2026, and lists revenue of USD 216 million alongside 100,000 or more customers.

Guidance keeps growth measured

For the third quarter of fiscal 2027, Asana issued revenue guidance of USD 217.0 million to USD 219.0 million versus consensus of USD 218.2 million, according to MarketBeat. The same source reports earnings-per-share guidance of USD 0.08 against consensus of USD 0.05. That spread points to a business still growing, but with profitability expectations carrying more weight than revenue alone.

Valuation remains contested

Asana's market capitalization was USD 2.0 billion as of October 2, 2026, while its NYSE 52-week range was USD 5.38 to USD 15.48. The NYSE quote was last at USD 8.62 on October 2, 2026 at 4:00 p.m. EDT, leaving the share 44.25 percent below its 52-week high and 60.22 percent above its 52-week low.

The analyst split gives the October 4 upgrade limited context: four analysts carried Buy ratings, eight had Hold ratings and two had Sell ratings, with the consensus still at Hold, according to MarketBeat. Asana's euro prior close at Lang & Schwarz was EUR 7.67 on October 2, 2026.

NYSE price and market value

Asana was last at USD 8.62 on the NYSE on October 2, 2026 at 4:00 p.m. EDT, with a USD 2.0 billion market capitalization and a USD 5.38 to USD 15.48 52-week range.