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PLAN - Anaplan: Recent Pullback Still Shows Expensive Valuation
Anaplan Inc.
Since going public last October at $17 per share, Anaplan (PLAN) has been one of the best performers in the market. Investors have come to love the stock, which has helped shares rise over 30% this year. After reporting a strong Q4 earnings and guidance in late February, the stock popped ~10% the following day and stayed there for a while.
The question is now whether the company can continue trading near their all-time highs or if investors will start to take some money off the table. Over the past week, the stock