Anaplan (PLAN) Receives a Buy from JMP Securities

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Anaplan (PLANResearch Report), with a price target of $87.00. The company’s shares closed last Friday at $50.59.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 16.5% and a 57.6% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Alkami Technology.

Anaplan has an analyst consensus of Moderate Buy, with a price target consensus of $63.80.

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Based on Anaplan’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $155 million and GAAP net loss of $40.98 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $42.05 million.

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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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