Appian (APPN) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Appian in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" APPN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APPN, but not buy additional shares or sell existing shares.
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9 brokerages have issued 12 month target prices for Appian's stock. Their APPN share price forecasts range from $23.00 to $63.00. On average, they predict the company's share price to reach $45.89 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
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Appian's stock was trading at $32.56 on January 1st, 2023. Since then, APPN stock has increased by 37.1% and is now trading at $44.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Appian Co. (NASDAQ:APPN) issued its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.01. The business had revenue of $135.24 million for the quarter, compared to analysts' expectations of $131.14 million. Appian had a negative trailing twelve-month return on equity of 92.14% and a negative net margin of 33.66%.

ETFs with the largest weight of Appian (NASDAQ:APPN) stock in their portfolio include First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), Northern Lights Fund Trust IV - Inverse Cramer Tracker ETF (SJIM), First Trust Cloud Computing ETF (SKYY), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), WisdomTree Growth Leaders Fund (PLAT), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Wedbush ETFMG Global Cloud Technology ETF (IVES) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).

Appian issued an update on its FY23 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of ($1.16)-($1.09) for the period, compared to the consensus EPS estimate of ($1.14). The company issued revenue guidance of $533-538 million, compared to the consensus revenue estimate of $532.57 million.

281 employees have rated Appian Chief Executive Officer Matt Calkins on Glassdoor.com. Matt Calkins has an approval rating of 82% among the company's employees. 88.0% of employees surveyed would recommend working at Appian to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Appian investors own include NVIDIA (NVDA), Trade Desk (TTD), Okta (OKTA), Shopify (SHOP), Block (SQ), Twilio (TWLO), Zoom Video Communications (ZM), Tesla (TSLA), PayPal (PYPL) and CrowdStrike (CRWD).

(APPN) raised $76 million in an initial public offering on Thursday, May 25th 2017. The company issued 6,300,000 shares at $11.00-$13.00 per share. Morgan Stanley, Goldman, Sachs and Barclays served as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and Cowen and Company were co-managers.

Appian trades on the NASDAQ under the ticker symbol "APPN."

Appian's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.74%), Hawk Ridge Capital Management LP (2.56%), Baillie Gifford & Co. (2.06%), First Trust Advisors LP (1.35%), State Street Corp (1.17%) and Geode Capital Management LLC (1.11%). Insiders that own company stock include Abdiel Capital Advisors, Lp, Abdiel Capital Management, Llc, Albert GW Biddle III, Bobbie G Kilberg, Christopher Winters, Eric Calvin Cross, Mark Matheos, Mark Steven Lynch, Matthew W Calkins, Michael G Devine, Pavel Zamudio-Ramirez, Prashanth Boccassam and Robert Charles Kramer.
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Shares of APPN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APPN stock can currently be purchased for approximately $44.65.

Appian (NASDAQ:APPN) has a market capitalization of $3.26 billion and generates $467.99 million in revenue each year. The company earns $-150,920,000.00 in net income (profit) each year or ($2.27) on an earnings per share basis.

The company employs 2,307 workers across the globe.

Appian's mailing address is 7950 JONES BRANCH DRIVE, TYSONS VA, 22102. The official website for the company is www.appian.com. The company can be reached via phone at (703) 442-8844 or via email at investors@appian.com.