Anaplan Inc (PLAN) Receives a Rating Update from a Top Analyst


In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Anaplan Inc (PLAN). The company’s shares closed yesterday at $25.

Bracelin said:

“We are raising our estimates slightly but maintain a Sector Weight rating on valuation with PLAN currently trading at 11x and 9x our C2019 and C2020 estimates.”

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 18.1% and a 68.2% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.

Anaplan Inc has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.

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The company has a one-year high of $27.30 and a one-year low of $20.37. Currently, Anaplan Inc has an average volume of 998.6K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLAN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Anaplan, Inc. engages in the provision of cloud platform, which addresses the connected planning need of all organizations with focus on largest global enterprises. It also offers professional services, including consulting, implementation, and training.

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