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Fly News Breaks for November 21, 2019
PLAN
Nov 21, 2019 | 12:55 EDT
Piper Jaffray analyst Brent Bracelin raised his estimates for Anaplan and increased his price target on the stock to $60 from $58 based on the company's Q3 results and updated guidance, noting that a "record number of 7-figure expands" at existing customers contributed to another strong quarter. The company's solutions connecting planning with real-time forecasting appear to be resonating with large enterprise customers, said Bracelin, who keeps an Overweight rating on Anaplan shares.
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