Wells Fargo analyst Michael Turrin initiated coverage of Anaplan with an Overweight rating and $73 price target. The analyst cites the use of the company's platform being extended into areas beyond finance, including sales, marketing, and supply chain operations. Turrin adds that he sees an "underlying inflection" starting to take hold in the Connected Planning software market reflected by an acceleration in Anaplan's revenues, and he believes that further investment into its sales/marketing, as well as expansion of its partnerships, can yield "meaningful upside" to the current consensus estimates.