Monness analyst Brian White maintained a Buy rating on Anaplan (PLAN) today and set a price target of $70.00. The company’s shares closed last Monday at $62.90, close to its 52-week high of $63.71.
According to TipRanks.com, White is a top 25 analyst with an average return of 26.6% and a 77.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
Anaplan has an analyst consensus of Strong Buy, with a price target consensus of $65.09, a 2.5% 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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Based on Anaplan’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $34.7 million. In comparison, last year the company had a GAAP net loss of $32.56 million.
Based on the recent corporate insider activity of 58 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.
