Asana, Inc.

NYSE:ASAN Stock Report

Market Cap: US$1.7b

Asana Dividends and Buybacks

Dividend criteria checks 0/6

Asana does not have a record of paying a dividend.

Key information

n/a

Dividend yield

6.5%

Buyback Yield

Total Shareholder Yield6.5%
Future Dividend Yield0%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Narrative Update Apr 23

ASAN: AI Contribution And Slowing Retention Will Limit Future Earnings Power

Narrative Update on Asana The updated analyst price work on Asana points to a lower implied fair value, with the target estimate moving from about $10.33 to roughly $5.75. Analysts are factoring in reduced future P/E assumptions alongside mixed recent results, cautious FY27 guidance, and still early AI contribution signals, despite some encouraging retention and funnel trends.
Narrative Update Apr 09

ASAN: AI Roadmap And Net Retention Trends Will Drive Reassessment

Analysts cut the Asana fair value estimate to $15 from $22 as they recalibrated expectations for revenue growth, profit margins, and future P/E following mixed Q4 results, tempered fiscal 2027 guidance, and a broad reset of price targets across the Street. Analyst Commentary Street research following Asana's mixed Q4 print points to a broad reset in expectations, with many firms trimming price targets to reflect updated FY27 guidance, revenue growth assumptions, and sector wide multiple compression.
Narrative Update Mar 26

ASAN: AI Adoption And Retention Stabilization Will Support Future Premium P/E Multiple

Narrative Update The analyst price target for Asana has been reduced by multiple firms, with cuts ranging from about $2 to $8 per share, as analysts respond to mixed Q4 results, tempered FY27 guidance, and the view that AI contributions and net retention improvements, while encouraging, are not yet sufficient to change the growth outlook. Analyst Commentary Recent research updates show a wide range of views on Asana, with price targets shifting materially but opinions split on how much the current execution and AI roadmap can influence long term growth and valuation.
Narrative Update Mar 10

ASAN: AI Adoption And Retention Stabilization Will Support Premium Future P/E Multiple

Our updated analyst price target for Asana has been cut by about $5 to roughly $10. This reflects a reset in long term growth and valuation assumptions as analysts weigh mixed Q4 results, softer FY27 guidance, and early but uncertain AI contribution against signs of improving retention and AI driven add on demand.
Narrative Update Feb 24

ASAN: Government Security And AI Risk Reset Will Support Premium Future P/E Multiple

Asana's analyst price target has moved lower toward about $15 as analysts factor in reduced profit margin expectations, a slightly higher discount rate, and recent target cuts from firms applying new AI-related risk frameworks to the apps software group. Analyst Commentary Recent research on Asana has focused on how new AI related risk frameworks and changing expectations for the apps software group feed into valuation, price targets, and perceived execution risk.
Narrative Update Feb 09

ASAN: Government Security Expansion Will Support Premium Future P/E Multiple

Analysts have trimmed their price target on Asana by about $0.40, pointing to slightly lower fair value and profit margin assumptions, even as they maintain a higher future P/E outlook. Analyst Commentary Bullish Takeaways Bullish analysts still see room for a relatively higher future P/E, suggesting they view Asana as capable of supporting a premium multiple if execution on growth and margins improves over time.
Narrative Update Jan 26

ASAN: Government Security Expansion And Buybacks Will Support Future Upside

Narrative Update Analysts have modestly reduced their price target on Asana to about US$15.92, citing updated assumptions around the discount rate, a profit margin near 12.75%, and a forward P/E of roughly 39.49x. What's in the News Asana reported repurchasing 2,183,000 shares between August 1, 2025 and October 31, 2025 for US$30.78 million, bringing total buybacks under the June 20, 2024 program to 11,388,000 shares for US$152.53 million, equivalent to 4.94% of shares.
Analysis Article Jan 21

Investors Don't See Light At End Of Asana, Inc.'s (NYSE:ASAN) Tunnel And Push Stock Down 26%

Asana, Inc. ( NYSE:ASAN ) shareholders that were waiting for something to happen have been dealt a blow with a 26...
Narrative Update Jan 12

ASAN: Government Security Push And AI Features Will Support Future Upside

Analysts have inched their fair value estimate for Asana higher to about US$15.92 per share from roughly US$15.76. This reflects updated assumptions for discount rate, revenue growth, profit margin, and future P/E that they see as better aligned with the company’s current risk and earnings profile.
Seeking Alpha Dec 18

Asana: Weak Product And Persistent Churn (Downgrade)

Summary Asana is downgraded to "Sell" due to deteriorating fundamentals, persistent churn, and lack of compelling growth catalysts. ASAN's revenue growth has slowed to single digits, with Q3 net retention at 96% and ongoing customer churn issues. Despite new AI features and leadership, ASAN's competitive position remains weak amid sector headwinds and intense competition. Trading at 3.5x EV/FY27 revenue, ASAN fails to meet even the Rule of 20, making it a value trap rather than a bargain. Read the full article on Seeking Alpha
Narrative Update Dec 18

ASAN Will Face Slower Revenue And Margin Progress Despite New AI Initiatives

Analysts have nudged their price target on Asana modestly higher to reflect a slightly richer long term earnings multiple and incremental improvement in fair value estimates, even as they temper assumptions for revenue growth and profit margins. What's in the News Issued fourth quarter revenue guidance of 204 million dollars to 206 million dollars, implying 8 percent to 9 percent year over year growth, and fiscal 2026 revenue guidance of 789 million dollars to 791 million dollars, implying 9 percent growth (company guidance) Launched Asana Gov, a FedRAMP in process workspace tailored for government agencies and regulated industries.
Analysis Article Dec 05

Earnings Update: Asana, Inc. (NYSE:ASAN) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Shareholders of Asana, Inc. ( NYSE:ASAN ) will be pleased this week, given that the stock price is up 14% to US$14.16...
Narrative Update Dec 04

ASAN: AI Adoption And Guidance Will Shape Balanced Risk Reward Outlook

Analysts have nudged their price target on Asana slightly lower, trimming fair value by about $0.61 per share to reflect lingering uncertainty around consistent revenue upside, even as they view recent AI driven product adoption and Q2 performance as a step in the right direction. Analyst Commentary Analysts see Asana's latest quarter as incremental progress toward a more durable growth profile, but they remain cautious on the company’s ability to consistently exceed revenue expectations and fully justify premium valuation multiples.
Analysis Article Aug 25

Is There An Opportunity With Asana, Inc.'s (NYSE:ASAN) 28% Undervaluation?

Key Insights Asana's estimated fair value is US$20.08 based on 2 Stage Free Cash Flow to Equity Asana is estimated to...
Analysis Article Jul 21

What Is Asana, Inc.'s (NYSE:ASAN) Share Price Doing?

While Asana, Inc. ( NYSE:ASAN ) might not have the largest market cap around , it saw a double-digit share price rise...
Analysis Article Jun 24

More Unpleasant Surprises Could Be In Store For Asana, Inc.'s (NYSE:ASAN) Shares After Tumbling 25%

Asana, Inc. ( NYSE:ASAN ) shares have had a horrible month, losing 25% after a relatively good period beforehand. The...
Analysis Article May 04

Is Asana, Inc. (NYSE:ASAN) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights Asana's estimated fair value is US$12.80 based on 2 Stage Free Cash Flow to Equity Asana's US$16.27 share...
Analysis Article Apr 05

Risks Still Elevated At These Prices As Asana, Inc. (NYSE:ASAN) Shares Dive 25%

To the annoyance of some shareholders, Asana, Inc. ( NYSE:ASAN ) shares are down a considerable 25% in the last month...
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New Narrative Mar 20

The Launch Of AI Studio Will Accelerate Multiproduct Transformation And Market Reach

AI Studio's anticipated adoption is expected to drive revenue growth and support Asana's transformation into a multiproduct company amidst macroeconomic challenges.
Seeking Alpha Mar 17

Asana Q4 2024 Plunge Reaction, Despite Future Revenue Potential

Summary Asana's 2024 results showed mixed performance, with 11% sales growth and positive free cash flow, but a soft net retention rate at 96%. CEO Dustin Moskovitz's retirement announcement triggered negative sentiment, but he remains board chair, focusing on AI strategy, which could benefit long term. Asana's 2025 growth projection of 10% is disappointing compared to competitors like monday.com, highlighting ongoing struggles in top and bottom-line competition. Despite challenges, Asana's durable SaaS platform and increasing multi-year deals indicate strong future revenue potential, evidenced by a 23% growth in remaining performance obligations. Read the full article on Seeking Alpha
Analysis Article Feb 25

Is Now The Time To Look At Buying Asana, Inc. (NYSE:ASAN)?

While Asana, Inc. ( NYSE:ASAN ) might not have the largest market cap around , it saw a significant share price rise of...
Seeking Alpha Feb 13

Asana: Still No Reason To Own

Summary Asana's stock has declined 85% from its peak, with slowing revenue growth, declining retention rates, and no profitability, making it a Hold. Competitors like Atlassian and monday.com are outperforming Asana in revenue growth, highlighting Asana's struggles in a competitive SaaS market. Despite a strong balance sheet and potential AI-driven growth, Asana's fundamentals show no signs of immediate improvement. Key metrics to watch include retention rates, profitability, cash flow, and developments in Asana's AI Studio for future investment decisions. Read the full article on Seeking Alpha
Analysis Article Jan 15

Asana, Inc. (NYSE:ASAN) May Have Run Too Fast Too Soon With Recent 32% Price Plummet

The Asana, Inc. ( NYSE:ASAN ) share price has softened a substantial 32% over the previous 30 days, handing back much...
Seeking Alpha Jan 09

Asana: Don't Believe The AI Studio Hype (Rating Downgrade)

Summary Asana's stock has surged nearly 2x from 2024 lows due to its new AI Studio product, but growth remains underwhelming. The company expects AI Studio to expand its TAM, though in my view, the new features don't materially add any new functionality to Asana beyond automating workflow setup. Asana is touting potential revenue acceleration from charging consumption-based price on AI Studio. We should be careful, however, as consumption-based software has seen a pullback in spending this year, such as MongoDB and Snowflake. Trading at ~5x forward revenue, Asana is already fairly valued for its relatively meager ~10% top line growth. Read the full article on Seeking Alpha
Analysis Article Dec 31

Is Asana, Inc. (NYSE:ASAN) Worth US$20.6 Based On Its Intrinsic Value?

Key Insights Asana's estimated fair value is US$15.77 based on 2 Stage Free Cash Flow to Equity Current share price of...
Seeking Alpha Dec 26

Asana: AI Studio Could Be The Start To Re-Accelerated Growth

Summary Asana's stock rally is driven by optimism around its new AI tool, despite unimpressive quarterly results and slowing revenue growth. The company reported better-than-expected earnings but continues to face negative cash flow and declining net revenue retention rates. Asana's AI Studio could be a turning point, potentially accelerating revenue growth by expanding the company's addressable market. Read the full article on Seeking Alpha
Seeking Alpha Dec 06

Asana: Wait For Growth To Accelerate Before Investing

Summary I give a hold rating for Asana (ASAN) as I await revenue growth acceleration. ASAN's 3Q25 earnings showed stabilization and better execution, with improvements in ARR, billings, RPO, and customer additions. Management's 4Q25 revenue guidance is encouraging, pointing to potential growth acceleration, supported by accurate past guidance and solid profitability improvements. Despite growth potential from AI Studio and organic demand, concerns remain with declining net retention rates and slower growth compared to peers. Read the full article on Seeking Alpha
Analysis Article Nov 30

Optimistic Investors Push Asana, Inc. (NYSE:ASAN) Shares Up 25% But Growth Is Lacking

Asana, Inc. ( NYSE:ASAN ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Nov 14

Asana (NYSE:ASAN) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 10

Asana, Inc.'s (NYSE:ASAN) Business Is Yet to Catch Up With Its Share Price

There wouldn't be many who think Asana, Inc.'s ( NYSE:ASAN ) price-to-sales (or "P/S") ratio of 3.9x is worth a mention...
Seeking Alpha Sep 25

Asana: Challenges Reflected In Bargain Share Price, But Sales Momentum Is Slowing (Rating Downgrade)

Summary I'm downgrading Asana to a hold rating, after a severe slowing in the company's growth rate in Q2. Importantly, the company's net revenue retention rates have also sunk below 100%, indicating a net churn position that indicates Asana's product is not sticky. Pro forma operating margins are also declining, as the company spends more on sales and marketing without bearing much fruit. Asana's stock is cheap, trading at 3.1x EV/FY25 revenue, but a near-term rebound is unlikely due to decaying growth and poor retention trends. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if ASAN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASAN's dividend payments have been increasing.


Dividend Yield vs Market

Asana Dividend Yield vs Market
How does ASAN dividend yield compare to the market?
SegmentDividend Yield
Company (ASAN)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Software)0.9%
Analyst forecast (ASAN) (up to 3 years)0%

Notable Dividend: Unable to evaluate ASAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASAN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate ASAN's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ASAN has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 05:32
End of Day Share Price 2026/05/06 00:00
Earnings2026/01/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Asana, Inc. is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Zane ChraneBernstein
Matthew BullockBofA Global Research