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Fly News Breaks for November 21, 2019
PLAN
Nov 21, 2019 | 12:52 EDT
Mizuho analyst Siti Panigrahi raised his price target for Anaplan to $70 from $60 and reiterates a Buy rating on the shares. The company this morning reported "strong" results, exceeding consensus expectations and raising guidance, Panigrahi tells investors in a research note. The analyst sees a "long runway for growth" for Anaplan, driven by increasing adoption of its next-gen planning tool and share gains in a $22B total addressable market.
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