PLAN - Anaplan: Valuation Risks Persist
Ever since its IPO last October at just $17 per share, Anaplan (PLAN) has proven itself to be a rocketship and an investor favorite. The company is two for two as it pertains to earnings releases, having risen 5% after reporting its first earnings release and now rising 10% after reporting fourth-quarter results. Year to date, shares of Anaplan are already up a sharp 32%:
Data by YChartsCan Anaplan sustain this rally and continue climbing to new all-time highs? In my view, this company's upside is limited for a number of reasons.