Shares of Asana Inc (NYSE:ASAN) tanked in early trading on Tuesday after the company reported downbeat fourth-quarter earnings on Monday.

Here are the key analyst insights:

• KeyBanc Capital Markets analyst Jackson Ader maintained an Overweight rating, but reduced the price target from $18 to $15.
• BTIG analyst Allan Verkhovski reiterated a Neutral rating on the stock.

Check out other analyst stock ratings.

KeyBanc Capital Markets: Asana posted total revenue of $205.6 million, merely $600,000 more than the midpoint of its guidance, Ader said. The midpoint of management's total revenue guidance for fiscal 2027, at $854 million, fell short of consensus by $3.2 million, he added.

Although the guidance seems "disappointing," there is "some potential upside," the analyst wrote. Although AI-related ARR barely crossed $6 million, it is expected to become 15% of net-new dollars in 2027, "signaling a big jump in AI growth," he further stated.

BTIG: Asana reported improving NRR for the third consecutive quarter, Verkhovski said. He added, however, that full-year revenue growth guidance of 8% came in about 50 basis points (bps) below consensus.

With management projecting AI offerings to represent around 15% of new ARR in fiscal 2027, AI is likely to contribute roughly 100 bps to annual revenue growth, the analyst stated. "ASAN sees room for NRR improvement heading into FY27, as the headwind from a large customer downgrade in F2Q26 tails off, with further improvements delivered from tech sector stabilization driven by NRR and new business recovery," he further wrote.

ASAN Price Action: Shares of Asana had declined by 3.56% to $7.04 at the time of publication on Tuesday.

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