Brokerages Set Appian Corporation (NASDAQ:APPN) Target Price at $29.33

Shares of Appian Corporation (NASDAQ:APPN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $29.3333.

Several research firms have weighed in on APPN. Wall Street Zen downgraded shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Morgan Stanley set a $41.00 price target on shares of Appian in a research report on Friday, February 20th. TD Cowen lowered their price target on shares of Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. DA Davidson set a $25.00 price target on shares of Appian in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 22nd.

Institutional Trading of Appian

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Appian by 282.5% in the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 599 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Appian during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Appian by 693.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Appian in the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP lifted its stake in shares of Appian by 175.2% during the third quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock valued at $35,000 after buying an additional 720 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Stock Down 0.9%

Shares of APPN opened at $21.96 on Friday. The company has a 50-day simple moving average of $24.17 and a 200-day simple moving average of $30.38. The company has a market capitalization of $1.62 billion, a PE ratio of 2,196.00 and a beta of 1.00. Appian has a 52-week low of $19.89 and a 52-week high of $46.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $189.33 million. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The business’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. On average, research analysts anticipate that Appian will post 0.33 EPS for the current year.

About Appian

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.