Possible Entry level $49.40 dependent on market performance today.
Target price at Fibonacci Golden pocket @ approx $53.20
Chart is bullish and sentiment has changed towards the cloud stocks once again, after a sell off from the summer highs.
Recent Analyst commentry.
10/29 Anaplan initiated at Piper Jaffray Anaplan assumed with an Overweight at Piper Jaffray. Piper Jaffray analyst Brent Bracelin assumed coverage of Anaplan with an Overweight rating and $58 price target. "Robust" growth prospects, evident by six quarters of 40%-plus subscription growth in a $21B total addressable market, has been driven by large enterprise customers adopting Connected Planning software as a component of a modern digital enterprise, Bracelin tells investors in a research note. He believes Anaplan has emerged as the leading software-as-a-service alternative replacing legacy solutions like Oracle Hyperion, IBM Cognos and Excel.
thefly.com
Short interest @9.89%.
Stock is well below the avaerage analysts price target $62.06 | Buy
Company profile
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. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.
Target price at Fibonacci Golden pocket @ approx $53.20
Chart is bullish and sentiment has changed towards the cloud stocks once again, after a sell off from the summer highs.
Recent Analyst commentry.
10/29 Anaplan initiated at Piper Jaffray Anaplan assumed with an Overweight at Piper Jaffray. Piper Jaffray analyst Brent Bracelin assumed coverage of Anaplan with an Overweight rating and $58 price target. "Robust" growth prospects, evident by six quarters of 40%-plus subscription growth in a $21B total addressable market, has been driven by large enterprise customers adopting Connected Planning software as a component of a modern digital enterprise, Bracelin tells investors in a research note. He believes Anaplan has emerged as the leading software-as-a-service alternative replacing legacy solutions like Oracle Hyperion, IBM Cognos and Excel.
thefly.com
Short interest @9.89%.
Stock is well below the avaerage analysts price target $62.06 | Buy
Company profile
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. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.