Brokerages Set Appian Corporation (NASDAQ:APPN) Price Target at $30.00

Shares of Appian Corporation (NASDAQ:APPN) have received a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

A number of equities analysts have commented on APPN shares. Wall Street Zen cut Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Citigroup dropped their price target on Appian from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Morgan Stanley set a $41.00 price objective on Appian in a research note on Friday, February 20th. UBS Group set a $21.00 price objective on Appian in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a research note on Monday, December 29th.

Hedge Funds Weigh In On Appian

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in Appian by 282.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 599 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Appian during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Appian by 693.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock worth $30,000 after purchasing an additional 846 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Appian in the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP grew its position in shares of Appian by 175.2% in the third quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock valued at $35,000 after purchasing an additional 720 shares in the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Stock Up 1.7%

Shares of NASDAQ APPN opened at $24.47 on Tuesday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 2,447.00 and a beta of 1.00. The company’s 50-day simple moving average is $25.65 and its 200-day simple moving average is $31.47. Appian has a 52-week low of $21.77 and a 52-week high of $46.06.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The firm had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. Equities research analysts anticipate that Appian will post -0.28 EPS for the current fiscal 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.