Shareholders in Asana, Inc. (NYSE:ASAN) had a terrible week, as shares crashed 29% to US$13.41 in the week since its latest yearly results. The results overall were pretty much dead in line with analyst forecasts; revenues were US$724m and statutory losses were US$1.11 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Asana

After the latest results, the 17 analysts covering Asana are now predicting revenues of US$786.7m in 2026. If met, this would reflect a solid 8.7% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 37% to US$0.71. Before this latest report, the consensus had been expecting revenues of US$803.1m and US$1.00 per share in losses. Although the revenue estimates have fallen somewhat, Asana'sfuture looks a little different to the past, with a considerable decrease in the loss per share forecasts in particular.

The consensus price target fell 21% to US$15.61, with the dip in revenue estimates clearly souring sentiment, despite the forecast reduction in losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Asana at US$25.00 per share, while the most bearish prices it at US$10.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that Asana's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 8.7% growth on an annualised basis. This is compared to a historical growth rate of 29% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 12% per year. Factoring in the forecast slowdown in growth, it seems obvious that Asana is also expected to grow slower than other industry participants.

The Bottom Line

The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Still, earnings are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that in mind, we wouldn't be too quick to come to a conclusion on Asana. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Asana analysts - going out to 2028, and you can see them free on our platform here.

It is also worth noting that we have found 3 warning signs for Asana that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.