Anaplan Inc (PLAN) Gets a Hold Rating from Barclays

By Jason Carr

In a report issued on November 1, Raimo Lenschow from Barclays maintained a Hold rating on Anaplan Inc (PLANResearch Report), with a price target of $55.00. The company’s shares closed last Monday at $48.50.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.4% and a 72.1% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

Currently, the analyst consensus on Anaplan Inc is a Strong Buy with an average price target of $61.88, which is a 30.8% upside from current levels. In a report issued on October 25, Citigroup also initiated coverage with a Hold rating on the stock with a $49.00 price target.

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The company has a one-year high of $60.36 and a one-year low of $20.60. Currently, Anaplan Inc has an average volume of 2.47M.

Based on the recent corporate insider activity of 48 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.