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

Zacks Research upgraded shares of Appian (NASDAQ:APPN) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on APPN. Citigroup reduced their target price on shares of Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen cut Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. TD Cowen dropped their price objective on Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Barclays lowered their price target on Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a report on Friday, February 20th. Finally, DA Davidson set a $25.00 target price on shares of Appian in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Appian currently has an average rating of “Hold” and an average target price of $30.00.

Appian Stock Up 2.8%

Shares of APPN opened at $24.94 on Monday. Appian has a fifty-two week low of $21.77 and a fifty-two week high of $46.06. The company has a market cap of $1.84 billion, a P/E ratio of 2,494.00 and a beta of 0.90. The firm’s 50 day moving average price is $30.06 and its 200 day moving average price is $32.36.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $202.87 million for the quarter, compared to analyst estimates of $189.33 million. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.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. Research analysts forecast that Appian will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Appian

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