Anaplan (PLAN) Gets a Buy Rating from Monness

Monness analyst Brian White maintained a Buy rating on Anaplan (PLANResearch Report) today and set a price target of $70.00. The company’s shares closed last Monday at $47.37.

According to TipRanks.com, White is a 5-star analyst with an average return of 16.9% and a 60.8% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Meta Platforms.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anaplan with a $60.29 average price target, which is a 25.2% upside from current levels. In a report issued on February 21, Jefferies also maintained a Buy rating on the stock with a $70.00 price target.

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Anaplan’s market cap is currently $6.99B and has a P/E ratio of -36.94.

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Anaplan, Inc. engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.

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