Asana has been successful with its land and expand business model, and its dollar-based net retention rate of 120% in Q3 2020 is demonstrative of this and the stickiness of its product. It now has 114,000 paying customers, up 28% YoY, and includes well-known companies such as Zoom, Autodesk, LVMH, and more.
Is Asana worth investing in?
Valuation metrics show that Asana, Inc. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of ASAN, demonstrate its potential to underperform the market.
Will ASAN stock go up?
Based on our forecasts, a long-term increase is expected, the “ASAN” stock price prognosis for 2027-02-22 is 339.925 USD. With a 5-year investment, the revenue is expected to be around +528.33%. Your current $100 investment may be up to $628.33 in 2027.
Is Asana undervalued?
Why Asana Stock Still Seems Overvalued
High-growth SaaS peers EV/NTM Revenue median. Moreover, ASAN stock is still trading at a significant premium against its peers’ group median of 16x NTM revenue. … Therefore, we rate ASAN stock as Neutral for now.
Why is Asana stock dropping?
Why Asana’s Shares Plunged 23% Today
A competitor’s growth is slowing, which has investors worried that this software-as-a-service company’s growth will slow down, too.
How long has Asana been around?
The company was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.
Who is the CEO of Asana?
Dustin Moskovitz is the co-founder and CEO of Asana. As Asana’s CEO, Dustin is dedicated to creating a product that helps the world’s teams collaborate effortlessly, in addition to leading the company’s award-winning culture.