Asana Inc. (NYSE:ASAN) posted upbeat earnings for the fourth quarter after the closing bell on Monday.

Asana reported quarterly earnings of eight cents per share, which beat the consensus estimate of seven cents, according to Benzinga Pro data. Quarterly revenue came in at $205.57 million, which beat the Street estimate of $205.13 million.

"FY26 was a year of meaningful progress as we advanced Asana into a multi-product platform and strengthened our position as the foundational system of action layer for the Agentic Enterprise," said CEO Dan Rogers.

Asana guided to fiscal 2027 adjusted EPS of 36 cents to 37 cents, versus the 36 cent analyst estimate, and revenue in a range of $850 million to $858 million, versus the $856.96 million estimate.

Asana shares dipped 6% to $6.86 in pre-market trading.

These analysts made changes to their price targets on Asana following earnings announcement.

• Piper Sandler analyst Billy Fitzsimmons maintained Asana with an Overweight rating and lowered the price target from $14 to $9.
• Baird analyst Rob Oliver maintained the stock with a Neutral and lowered the price target from $16 to $9.
• Keybanc analyst Jackson Ader maintained Asana with an Overweight rating and slashed the price target from $18 to $15.

Considering buying ASAN stock? Here’s what analysts think:

Photo via Shutterstock