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....
Bearish candle after good earning report .. long red candle with large volume suggest to re-visit the broken line pre-earning and targeting main support at 47 then can be bounce from there or continue hold
This is forming a nice triangle pattern. It has earnings on the Nov 21 so I won't do anything until after that event... patience... with a watchful eye. Ideas, not investing advice.
Possible reversal trade opportunity.
Average analysts price target $63 | Overweight.
Recent upgrade
Evercore ISI analyst Kirk Materne upgraded Anaplan to Outperform from In Line with a $57 price target as he believes the recent pullback in the stock sets up a more attractive risk/reward for what he continues to view as a "category killer" in the connected...
Very nice indicators showing potential uptrend . Friday close was bearish so expected to pullback to 49 support or below it then bounce at end of the week also if closed above upper tail of Friday candle then it will be perfect confirmation for coming uptrend . Stoploss at black trend line if its broken then cancel this idea . Major resistance at the double top near 60
An entry in the 44 to 48 per share range would be perfect in another marketwide selloff. I’ll be building a position from current price down to 44 and watch price action to guide me further. The fundamentals are on the buyers side.
Plan is pushing extreme levels to the upside. Its on its 5th up day and its gone a little to parabolic to the upside, almost in a straight line. Its in overbought territory and already well overextended on its bollinger bands. I think its going to need a breather for a day or two with a nice pullback to $45 level. Once it pulls back, I will exit trade because...
Despite the failings of many cloud providers this earnings season, NYSE:PLAN has had strong gains post earnings after issuing impressive forward earnings projections. Anaplans customers are predominantly large multinational enterprise with high spend, recurring revenue from its top 279 customers is over $250,000 per annum. The company has the vastly experienced...
Anaplan, Inc. provides a cloud-based connected planning platform. The Company’s platform enables connect organizations and people to make decisions. It offers its application over the Internet as a subscription service using a software-as-a-service (SaaS) model. Its Hyperblock technology is designed for Connected Planning. It enables users to manage sales performance, including incentive compensation, territory and quota planning, sales forecasting, account segmentation and scoring, and sales capacity planning. Users can manage financial and enterprise performance, including financial budgeting, planning, and forecasting. Marketing team can manage marketing performance, including trade promotion planning, pricing optimization, and marketing performance management. It provides professional services, including consulting, implementation, and training. It serves various industries, such as architecture, engineering and construction and automotive and manufacturing.
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PLAN
