• Analysts raised their price targets on Anaplan Inc (NYSE: PLAN) post Q4 results.

• Mizuho analyst Siti Panigrahi raised the PT to $65 from $60 (26.7% upside) and kept a Buy.

• The company posted Q4 results and raised its fiscal 2023 guide above consensus estimates, the latest back-office player to benefit from the enterprise spending resumption.

• Wells Fargo analyst Michael Turrin maintained an Overweight and raised the PT from $60 to $65.

• Needham analyst Scott Berg maintained a Buy and lowered the PT from $95 to $65.

• Morgan Stanley analyst Stan Zlotsky maintained an Equal-Weight and raised the PT from $48 to $52 (fair priced).

• Barclays analyst Raimo Lenschow maintained an Overweight and raised the PT from $58 to $59 (15% upside).

• Loop Capital analyst Yun Kim raised the PT to $50 from $45 (fair-priced) but kept a Hold.

• The company's Q3 results were "solid." Anaplan reported the highest ACV and net new ACV growth in 3 years, driven by a strong resurgence in considerable deal activity.

• But he is wary of increasing competition and whether it can maintain the current strength in the new customer activity consistently.

• Price Action: PLAN shares traded higher by 6.58% at $49.74 on the last check Thursday.

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