Asana, Inc. (ASAN) surged 5.30% in pre-market trading on Wednesday, driven by its robust third-quarter earnings, upwardly revised fiscal 2026 guidance, and the launch of AI Teammates.
The company reported Q3 revenue of $201 million, surpassing the consensus estimate of $198.8 million, and adjusted EPS of $0.07, beating expectations of $0.06. Additionally, Asana raised its fiscal 2026 revenue guidance to $789-791 million and adjusted EPS outlook to $0.25-$0.26, both exceeding analyst projections.
Investors also reacted positively to the introduction of AI Teammates, which analysts praised for their potential to enhance productivity. RBC Capital Markets raised its price target on Asana to $14 from $12, citing confidence in the company's growth trajectory and AI-driven innovations.
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