BUZZ-Asana gains after Citigroup upgrades to 'buy'

Reuters

01/15

** Shares of office-management software firm Asana ASAN.N up about 5% at $11.95 premarket

** Citigroup upgrades rating to "buy" from "neutral"; PT at $16

** PT represents ~40% upside to stock's last close

** New leadership can improve sales and marketing efficiency, which may support revenue reacceleration and margin gains, says brokerage

** AI Studio can boost growth, with strong early interest and positive return feedback - Citi

** Five of 16 brokerages rate stock "buy" or higher, 8 "hold" and 3 "sell"; median PT is $16 — data compiled by LSEG

** Shares down ~32% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))

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