Morgan Stanley Sees Upside for Box, DocuSign, and Asana in Coming Quarters

Box, DocuSign, and Asana may see upside in the coming quarters, according to Morgan Stanley. Despite negative sentiment around the software-as-a-service (SaaS) industry, these companies have the potential to deliver a "clean beat & raise" and experience positive growth.

Despite the prevailing negative sentiment surrounding the software-as-a-service (SaaS) industry, three key players—Box, DocuSign, and Asana—may see positive growth in the coming quarters, according to Morgan Stanley [1]. The analysts at the firm have highlighted that these companies could deliver a "clean beat & raise," which could significantly reward investors.

Box (NYSE:BOX), led by CEO Aaron Levie, has shown strong momentum and is expected to have a robust setup in the second quarter of fiscal year 2026. Analysts have noted that the company has the potential for a beat and raise, with several other analysts having recently increased their estimates. Morgan Stanley has assigned an Equal-Weight rating to Box [1].

DocuSign (NASDAQ:DOCU) is also anticipated to report upside in the second quarter, benefiting from an easy comparable to the year-ago quarter. However, the analysts caution that there may not be a significant raise to its fiscal 2026. Morgan Stanley has an Equal-Weight rating on DocuSign as well [1].

Asana (NYSE:ASAN), while having the potential to report upside in the second quarter, faces concerns regarding its guidance for the second half of fiscal 2026. The analysts have warned that if there are no meaningful revisions, shares could remain range-bound. Morgan Stanley also maintains an Equal-Weight rating on Asana [1].

Lastly, Zoom (NASDAQ:ZM), scheduled to report quarterly results this week, could offer a stronger beat but may need to demonstrate greater growth visibility for more positive sentiment. Stabilization is encouraging, but more growth visibility is needed before a turnaround in sentiment [1].

These companies, while facing market challenges, show potential for positive performance in the near term. Investors and financial professionals should keep a close eye on their quarterly reports and guidance to gauge the true potential of these stocks.

References:
[1] https://seekingalpha.com/news/4487135-box-docusign-asana-may-see-upside-in-coming-quarters-ms