Thoma Bravo agreed to acquire cloud-native platform provider Anaplan Inc. for an all-cash transaction of $10.7 billion. The purchase price of $66 per share implies a premium of 30.5 percent to Anaplan’s March 18 closing price of $50.59. Anaplan will become a privately held company after the transaction. Holden Spaht, a Managing Partner at Thoma Bravo, said, “We…
Anaplan Shares Drop as Morgan Stanley Downgrades the Stock
Morgan Stanleyanalyst Stan Zlotsky downgraded Anaplan Inc. from Overweight to Equal-Weight and lowered the price target from $73 to $55, implying a 24 percent upside. Zlotsky conducted another round of channel checks after the company’s Q3 earnings report, and the mixed checks suggest recent results “could be indicative of more prolonged challenges.” Zlotsky thinks the upside in the…
Anaplan Shares Plunge as Analysts Slash Price Targets Post Q3 Beat
Analysts lowered price targets on Anaplan Inc. despite Q3 beat and upbeat outlook. Goldman Sachs analyst Kash Rangan lowered the Price Target (PT) to $58 from $67 (11.4 percent upside) and kept a Neutral. Rangan sees continued billings volatility but believes Anaplan remains well-positioned to capitalize on a recovery in demand. However, with incremental competition…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`