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Fly News Breaks for November 22, 2019
PLAN
Nov 22, 2019 | 08:51 EDT
SunTrust analyst Terry Tillman raised his price target on Anaplan to $68 and kept his Buy rating after its "strong" Q3 results driven by subscription revenue upside, lower than expected losses, and the highest level of billings since the company went public. The analyst notes that Anaplan is seeing benefits from its growth investments and expansion sales, as Q3 volume of large deals was "especially strong". Tillman further cites the company's initial FY21 revenue outlook tracking "well above" his model.
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