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How High Does Wall Street Think Anaplan Inc (PLAN) Stock Can Go?

Thursday, November 21, 2019 10:19 AM | InvestorsObserver Analysts

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How High Does Wall Street Think Anaplan Inc (PLAN) Stock Can Go?

Wall Street is positive on Anaplan Inc (PLAN). On average, analysts give Anaplan Inc a Strong Buy rating. The average price target is $61.153, which means analysts expect the stock to add by 12.70% over the next twelve months.

That rating is better than 51% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Anaplan Inc (PLAN) Stock.

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Anaplan Inc Stock Today?

Anaplan Inc (PLAN) stock has risen 10.42% while the S&P 500 has fallen -0.1% as of 10:08 AM on Thursday, Nov 21. PLAN is up $5.12 from the previous closing price of $49.14 on volume of 3,120,612 shares. Over the past year the S&P 500 is up 17.19% while PLAN is up 159.00%. PLAN lost -$1.26 per share the over the last 12 months.

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