Evercore ISI Keeps Their Buy Rating on Anaplan (PLAN)

In a report released today, Kirk Materne from Evercore ISI maintained a Buy rating on Anaplan (PLANResearch Report), with a price target of $66.00. The company’s shares closed last Monday at $64.69.

According to TipRanks.com, Materne is a 5-star analyst with an average return of 13.7% and a 61.9% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Tyler Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anaplan with a $65.09 average price target, implying a 0.6% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $87.00 price target.

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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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