After RBC Capital and Monness gave Anaplan (NYSE: PLAN) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Yun Kim maintained a Buy rating on Anaplan today and set a price target of $71.00. The company’s shares closed last Monday at $46.33.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 16.0% and a 65.0% success rate. Kim covers the Technology sector, focusing on stocks such as Manhattan Associates, Pegasystems, and Mimecast.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anaplan with a $69.00 average price target, implying a 63.5% upside from current levels. In a report issued on February 12, RBC Capital also reiterated a Buy rating on the stock with a $75.00 price target.
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The company has a one-year high of $63.71 and a one-year low of $33.59. Currently, Anaplan has an average volume of 1.8M.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLAN in relation to earlier this year.
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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.
