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Asana, Inc. (ASAN) operates a work management platform for individuals, team leads, and executives in the United States and internationally. 
Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings.
The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services.
Shares have formed a bullish "cup and handle" following its latest earnigns report. On March 8th, ASAN reported a Quarter January 2023 loss of $0.20 per share on revenue of $150.2 million. The consensus estimate was a loss of $0.27 per share on revenue of $145.1 million. Revenue grew 34.2% on a year-over-year basis.
The company said it expects a first quarter non-GAAP loss of $0.19 to $0.18 per share on revenue of $150.0 million to $151.0 million. The previous consensus estimate was a loss of $0.23 per share on revenue of $149.97 million for the quarter ending April 30, 2023.
Entry Point: $20.00
Stop Loss: $19.00
Trading Range: $11.32 - $29.51
Target Price: $22.00
