Asana Inc Ordinary Shares - Class A
ASAN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $23.00 | Kym | Wcypbxbvl |
Asana: Launching Coverage With a $17.50 Fair Value Estimate and No-Moat Rating
/s3.amazonaws.com/arc-authors/morningstar/349733fa-2129-460a-bd1a-9587528b9b83.jpg)
We launch coverage of Asana with a $17.50 fair value estimate and no-moat rating. Asana is a leading provider of collaborative work management, or CWM, SaaS solutions. The emerging niche within SaaS aims to improve the efficiency and productivity of project and process management by displacing widely deployed but suboptimal incumbent tools of email and spreadsheets. At current prices, Asana shares screen as fairly valued relative to our valuation.