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Why I'm Buying More Anaplan Stock

TheMotleyFool

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Anaplan (NYSE: PLAN) is far from a top performer in the software industry this year. The cloud-native enterprise planning tool crashed hard in the spring amid a general pause in corporate spending when the coronavirus pandemic started, and though it has rallied close to all-time highs again, shares are up "only" 18% so far in 2020.

Recent news indicates corporate spending is making a comeback, though, and I think Anaplan is poised to do well in a world post-COVID-19. Here's why I'm buying more.

Image source: Getty Images.

Source Fool.com

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