Appian (NASDAQ:APPN) Upgraded to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Appian (NASDAQ:APPN) from a "hold" to a Strong-Buy rating.
• Appian beat quarterly expectations with $0.15 EPS vs. $0.11 expected and $202.87M revenue (up 21.7% YoY), and set FY2026 guidance of $0.820–0.960 EPS and Q1 2026 guidance of $0.160–0.200 EPS.
• Analyst sentiment is mixed—MarketBeat shows an average rating of Hold and an average price target of $29.33, with individual targets ranging from about $21 to $48.

Appian (NASDAQ:APPN - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on APPN. Wall Street Zen lowered shares of Appian from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 23rd. DA Davidson set a $25.00 price objective on shares of Appian in a report on Friday, February 20th. UBS Group set a $21.00 price objective on shares of Appian in a research note on Friday, February 20th. Barclays lowered their target price on shares of Appian from $34.00 to $21.00 and set an "underweight" rating on the stock in a report on Friday, February 20th. Finally, Citigroup dropped their target price on Appian from $48.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.33.

Appian Price Performance

Shares of NASDAQ APPN opened at $21.60 on Wednesday. The business's fifty day moving average price is $24.20 and its 200-day moving average price is $30.47. Appian has a one year low of $19.89 and a one year high of $46.06. The stock has a market capitalization of $1.60 billion, a PE ratio of 2,160.00 and a beta of 1.00.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The business had revenue of $202.87 million for the quarter, compared to analysts' expectations of $189.33 million. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.Appian's quarterly revenue was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. As a group, equities analysts expect that Appian will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Appian

Several hedge funds have recently bought and sold shares of APPN. Millennium Management LLC lifted its stake in Appian by 18.9% in the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company's stock worth $8,721,000 after purchasing an additional 48,014 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Appian by 2.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company's stock valued at $11,113,000 after purchasing an additional 8,319 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Appian by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company's stock valued at $2,595,000 after purchasing an additional 2,244 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Appian by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company's stock worth $6,236,000 after purchasing an additional 3,954 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Appian by 34.7% in the second quarter. Invesco Ltd. now owns 32,343 shares of the company's stock worth $966,000 after purchasing an additional 8,329 shares during the period. Hedge funds and other institutional investors own 52.70% of the company's stock.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.