After speaking with a number of Anaplan partners, Wells Fargo analyst Michael Turrin says he found an "elephant-sized expansion" with an existing customer in the tech industry. The customer is expected to expand its internal footprint to 50 Anaplan model builders, with the partner involved describing this as transformative for their practice and a significant proof point around what's possible for the platform, Turrin tells investors in a research note. Further, Anaplan partners are seeing "significant market pull from broader cloud transformation initiatives," adds the analyst, citing his due diligence. He thinks the setup into Anaplan's fiscal Q4 results "looks achievable" with consensus calling for 36% billings growth. Turrin keeps an Overweight rating on the shares with a $73 price target.