Brokerages Set Appian Corporation (NASDAQ:APPN) Target Price at $33.40

Key Points

• Appian Corporation has received a consensus rating of "Hold" from analysts, with one sell recommendation, five holds, and one buy recommendation, reflecting differing views on the stock's potential.
• The average one-year price target for Appian stock, according to brokers, is $33.40, indicating some optimism for future growth despite recent downgrades.
• Appian reported a 16.5% increase in revenue year-over-year for the last quarter, but missed earnings expectations, posting a loss of ($0.14) per share versus an expected loss of ($0.13).

Shares of Appian Corporation (NASDAQ:APPN - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.40.

A number of research firms have recently issued reports on APPN. DA Davidson began coverage on shares of Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 price objective on the stock. Zacks Research cut shares of Appian from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th.

Hedge Funds Weigh In On Appian

Several large investors have recently added to or reduced their stakes in APPN. Jones Financial Companies Lllp lifted its position in Appian by 347,121.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock valued at $45,516,000 after acquiring an additional 1,579,403 shares in the last quarter. Bank of America Corp DE lifted its position in Appian by 182.7% in the 2nd quarter. Bank of America Corp DE now owns 237,421 shares of the company's stock valued at $7,089,000 after acquiring an additional 524,420 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Appian by 211.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 690,788 shares of the company's stock valued at $20,627,000 after acquiring an additional 469,259 shares in the last quarter. Caption Management LLC lifted its position in Appian by 127.3% in the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company's stock valued at $2,403,000 after acquiring an additional 375,758 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Appian by 150.8% in the 2nd quarter. Marshall Wace LLP now owns 609,354 shares of the company's stock valued at $18,195,000 after acquiring an additional 366,349 shares in the last quarter. Institutional investors own 52.70% of the company's stock.

Appian Stock Up 1.7%

Appian stock traded up $0.52 during trading hours on Friday, reaching $31.49. 1,041,503 shares of the company's stock were exchanged, compared to its average volume of 830,558. The firm has a market capitalization of $2.33 billion, a PE ratio of -136.91 and a beta of 1.71. The firm's 50 day simple moving average is $29.61 and its 200 day simple moving average is $29.94. Appian has a twelve month low of $24.00 and a twelve month high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm had revenue of $170.64 million for the quarter, compared to the consensus estimate of $160.01 million. Appian's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) earnings per share. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. Analysts anticipate that Appian will post -0.28 EPS for the current year.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.