PLAN - Anaplan Will Keep Growing Why And How
Anaplan (PLAN) has returned 112.58% since going public in October 2018. The company sells a cloud-based connected planning platform to connect organizations across departments. Competing with other enterprise software giants including Oracle (ORCL), IBM (IBM), SAP (SAP), and Workday (WDAY), Anaplan has enjoyed monstrous growth in sales for the past four years (+ 49% CAGR). PLAN's increasing market size, coupled with strong execution track record, indicates no signs of slowing down. As digital transformation drives more companies to leverage enterprise planning technology, we think Anaplan possesses higher alpha potential than its peers.