PLAN - Anaplan: Accelerating Growth Could Drive This Stock Higher
Shares of Anaplan (PLAN) have been suffering along with other SaaS stocks. They have been trading lower since July, and there is no sign of recovery. It seems like global economic uncertainty, and supposedly high valuations may be weighing on this.
The company’s platform has a competitive advantage among peers, and is the leader of the Connected Planning cloud category. The fundamentals are enjoying a strong momentum, as the growth rates of subscription revenue, remaining performance obligations ((RPO)), and the number of customers, have been accelerating over the recent quarters.
The company has