Beth Kindig is a technology analyst who publishes weekly at and runs a premium service for serious tech investors. Chief Investment Strategist Shah Gilani just held his first-ever stock-picking lightning round event – running through more than 50 stocks to tell you if they are stocks to buy or stocks to sell. Despite Asana having investable growth, the company may be in too-crowded of a space for the size of the addressable market. FORTUNE may receive compensation for some links to products and services on this website. She is a San Francisco-based technology analyst with more than a decade of experience in analyzing private and public technology companies. By Mike Stenger, Associate Editor, Money Morning • September 1, 2020. Forrester research has listed Asana as one of three leaders in the collaborative work management space.

That's 82% growth in one year. The stock market has made its final prediction: Joe Biden will win the presidential election To get the company names, tickers, and price targets for Shah's picks, go here now. Here's where Asana stands…. In Q1 2019, enterprises and businesses made up 11% of its business. It's just a matter of discovering which stocks are going to be at the helm of that discovery. The company also saw its losses grow from $50.9 million in 2019 to $118.6 million in fiscal 2020. You can view this here. Asana filed its S-1 last week and is expected to list directly on the NYSE in late September. Treatments are being discovered. The company’s software is used by more than 75,000 companies including AT&T, Google and NASA. With its forward-thinking front-office (Asana is founded by Facebook cofounder Dustin Moskovitz), this company could grab a piece of a 212% growth industry. Asana will be an exciting growth stock to watch in the future, but I believe anything above an initial $5B valuation is too rich.

It helps employees stay on the same page, because they can log every step of a project for their whole team to see. Before you go investing in IPOs like Asana, it's important to watch for more financials and forward-looking statements as they are released. Here's Whether Asana Stock Is a Buy After the IPO By Mike Stenger, Associate Editor, Money Morning • September 1, 2020 The IPO world went … Dozens are overpriced and overhyped – you should ditch them ASAP. Citing IDC data, the work management market that Asana addresses is expected to grow from $23B in 2020 to $32B in 2023. Beth predicted the biggest stock drop in history in Q2 2018 with Facebook's miss and the biggest IPO loss in history with Uber in Q2 2019.

In its most recent quarter, net losses grew 138% year over year. The SEC has approved the draft registration paperwork and noted it on their website. You may opt-out by. Quotes delayed at least 15 minutes. This is evident in the widening losses and the need to double R&D and sales and marketing to keep their revenue growth competitive. Asana has 1.2 million paid users and an additional 3.2 million free activated accounts, according to the filing. Asana may be valued at a healthy $1.5 billion, a unicorn with exciting prospects. The company ranks at No. Your email address will not be published. But researchers predict it could hit $832 million by 2025. Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

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