Asana (ASAN) Beat Expectations, Is The Stock Still Expensive?

Asana earnings beat meets cautious AI driven outlook Asana (ASAN) reported second quarter results that were ahead of expectations, but the stock reacted to management’s softer third quarter outlook, which reflected higher AI infrastructure costs and a shift toward AI focused products. Over the past month Asana’s share price return of 15.2% and 90 day share price return of 28.7% point to improving short term momentum. However, the year to date share price return is down 22.2% and the 1 year...