Anaplan Thesis News Today

One of the best-performing IPOs of 2020 was SaaS company C3.ai Inc (NASDAQ: AI). The stock priced at $42, above its initial range of $30 to $33, and closed at $161 in their first week of trading.  Growth Ahead: C3.ai is called a disruptive enterprise software vendor by Wedbush analyst Daniel... Read More...

Salesforce.com (NYSE: CRM) from Overweight to Neutral and lowered the price target from $278 to $242. Salesforce has invested over $43 billion in two acquisitions in less than two years, the analyst said. The $15.7 billion for Tableau and $27.7 billion for Slack Technologies (NYSE: WORK) add up to 194 million fully diluted shares since July 2019, he said.  “This overhang creates a more challenging set-up for CRM during 2021,” said Bracelin. Salesforce is a “hungry hippo” that needs ti...