Rosenblatt analyst Yun Kim says recent channel checks with the global system integrators indicate strong business momentum for Anaplan. Specifically, large GSIs are increasing their investment into their Anaplan practice, with a plan to increase the number of trained consultants meaningfully for next year, Kim tells investors in a research note. Overall, the analyst continues to receive positive feedback regarding Anaplan’s business momentum. The company’s “connected planning” solution is quickly becoming the “next killer app” in the software industry, says the analyst. Kim believes Anaplan “has all the right ingredients to be the next execution story in software.” He reiterates a Buy rating on the shares with a $71 price target. The stock closed Thursday down 23c to $52.63.
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