Piper Sandler Lowers its Price Target on Asana, Inc. (ASAN) to $14 and Maintains an Overweight Rating

On February 3, 2026, Piper Sandler lowered its terms people connected Asana, Inc. (NYSE:ASAN) to $14 from $19 and maintained an Overweight standing pursuing a transportation of coverage. The steadfast reduced terms targets crossed the platforms and apps radical and downgraded 3 names, saying “seat-compression and vibe coding narratives could acceptable a ceiling connected multiples.” Piper said it was not making a telephone connected fourth-quarter results but noted mixed views connected the bundle abstraction contempt stock declines implicit the past 12 months. The steadfast expects continued “pessimism” astir bundle and recommends focusing connected hyperscaler, consumption, and vertical sub-sectors, with Microsoft and ServiceTitan listed arsenic its apical picks.

Earlier, connected January 15, 2026, Citi expert Steven Enders upgraded Asana to Buy from Neutral with an unchanged $16 terms target. The steadfast said caller absorption could amended spending efficiency, perchance driving income reacceleration and borderline expansion. Citi besides pointed to Asana’s AI Studio arsenic a imaginable maturation driver. On January 5, 2026, RBC Capital lowered its terms people to $11 from $14 and maintained an Underperform rating. The steadfast said 2026 could item AI tailwinds for companies positioned for endeavor AI adoption, portion others whitethorn look unit from the “AI is the decease of software” narrative. RBC added that endeavor spending appears to beryllium stabilizing successful prime areas, with GenAI driving innovation adjacent arsenic absorption teams stay blimpish successful aboriginal 2026 guidance.

Asana, Inc. (NYSE:ASAN) operates a enactment absorption bundle level utilized by individuals and organizations to coordinate tasks, negociate projects, way goals, and oversee workflows crossed teams and portfolios.

While we admit the imaginable of ASAN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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