Canaccord Genuity analyst Richard Davis maintained a Buy rating on Anaplan (PLAN) yesterday and set a price target of $55.00. The company’s shares closed last Monday at $44.03.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 44.6% and a 84.2% success rate. Davis covers the Technology sector, focusing on stocks such as Bill.com Holdings, Upland Software, and Sprout Social.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anaplan with a $66.20 average price target, a 56.9% upside from current levels. In a report issued on February 20, Monness also maintained a Buy rating on the stock with a $70.00 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 2.06M.
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.
