Form 8-K Asana, Inc. For: Jul 13

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Go back to Form 8-K Asana, Inc. For: Jul 13

'Recession-Prone' Asana (ASAN) and Fastly (FSLY) Downgraded by RBC Capital

July 19, 2022 11:58 AM EDT

Shares of work management platform Asana, Inc. (NYSE: ASAN) and cloud computing services provider Fastly, Inc. (NYSE: FSLY) were downgraded to Underperform from Sector Perform by RBC Capital Markets analyst Rishi Jaluria on Tuesday.

In separate notes, the analyst said the companies are recession-prone, with both scoring low on RBCs five-factor recession framework.

Fastlys price target was lowered to $9 per share from $17.50 per share by Jaluria, who said there were... More