Analysts at Berenberg Bank recently hosted Tim Wan, the CFO of Asana, Inc. (NYSE:ASAN), for a virtual day of meetings.

According to the analysts, most investor questions targeted the competitive landscape, future product strategy, and go-to-market investments. Despite the company’s shares being up 285% since the start of the year, the analysts remain positive on the stock, given its relatively unpenetrated $50 billion market opportunity and large deal momentum, which they believe could potentially sustain growth of over 30-40% levels in mid-term.

The brokerage said that if growth accelerates to 47% over the next 4 years as previously was mentioned in its bull case scenario, it expects the company’s shares to reach $200.