Skip to main content

Market Overview

Morgan Stanley Upgrades Anaplan On Improving Demand, Execution Consistency

Morgan Stanley Upgrades Anaplan On Improving Demand, Execution Consistency

Checks suggest that Anaplan Inc (NYSE: PLAN) may be well positioned to resume sustainable growth in the 30% range, driven by improving demand and steady execution, according to Morgan Stanley.

The Anaplan Analyst: Stan Zlotsky upgraded Anaplan's stock from Equal-Weight to Overweight, while raising the price target from $68 to $100.

The Anaplan Thesis: The company has come off a challenging 2020 and now seems poised to return to growth of more than 30%, given the “strong underlying demand trends, product differentiation, improving budgets, and steady execution under the new head of sales,” Zlotsky said in the note.

Anaplan delivered a strong performance in the fiscal fourth quarter and its partners “are carrying momentum into FY22,” which should give the company “plenty of room” to exceed expectations for billings, he noted.

The analyst considers the revenue estimate for fiscal 2022 as conservative, “with room to move up the initial $550M guide to 25%-26% YoY growth, and walk it up through the year on the back of beat/raise results.”

PLAN Price Action: Shares of Anaplan had risen by 3.6% to $85.28 at the time of publication Tuesday.

Photo courtesy of Anaplan.

Latest Ratings for PLAN

May 2021Goldman SachsInitiates Coverage OnNeutral
May 2021JefferiesMaintainsBuy
Apr 2021Wolfe ResearchInitiates Coverage OnOutperform

View More Analyst Ratings for PLAN
View the Latest Analyst Ratings


Related Articles (PLAN)

View Comments and Join the Discussion!

Posted-In: Morgan Stanley Stan ZlotskyAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga

Latest Ratings

PHXSeaport GlobalInitiates Coverage On
AFCGLake StreetInitiates Coverage On29.0
OSSNoble Capital MarketsUpgrades7.0
NCNOGabelli & Co.Upgrades
HAECJS SecuritiesUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at