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Here's Why Asana Stock Shot Higher on Monday

TheMotleyFool

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Here's Why Asana Stock Shot Higher on MondayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

Shares of Asana (NYSE: ASAN) surged as much as 9.7% higher Monday, though the stock closed out the trading session up by only 3.9%.

The catalysts driving the cloud-based workplace collaboration and planning specialist upward were a price target boost and bullish commentary issued by a Wall Street analyst.

Image source: Getty Images.

Source Fool.com

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