Anaplan (PLAN)

Anaplan is a company we want to own. It is a best of breed SAAS provider that has strong tailwinds of data and digitisation in organisations. Long term Anaplan has a winning position, the insights of real-time simulations and predictive analysis are not possible with other solutions. Replacing siloed legacy solutions and excel spreadsheets give 30%+ growth for several years.

The challenge is short term timing as PLAN is experiencing some growing-up pains. We believe, recent quarterly disappointment and ~25% fall gives an attractive risk reward, but we are aware that mis-execution usually comes in threes.

Potential Upside:     $68(+54%)

Sensible Downside: $35(-21%)

Link to research report