Appian (NASDAQ:APPN) Given New $30.00 Price Target at TD Cowen

Appian (NASDAQ:APPN) had its price objective lowered by research analysts at TD Cowen from $35.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 21.51% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. DA Davidson set a $25.00 price objective on Appian in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of Appian in a research report on Friday. UBS Group set a $21.00 price target on Appian in a research note on Friday. Finally, Wall Street Zen lowered shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Appian presently has an average rating of “Hold” and an average price target of $30.43.

Appian Trading Up 0.6%

NASDAQ:APPN traded up $0.15 on Friday, hitting $24.69. 1,210,657 shares of the company’s stock traded hands, compared to its average volume of 1,207,123. The company has a market cap of $1.82 billion, a PE ratio of -247.05 and a beta of 0.90. Appian has a 1 year low of $21.77 and a 1 year high of $46.06. The firm has a 50-day moving average price of $30.80 and a 200-day moving average price of $32.37.

Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $202.87 million for the quarter, compared to analyst estimates of $189.33 million. 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 forecast that Appian will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Appian

Several large investors have recently bought and sold shares of APPN. Millennium Management LLC lifted its position 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 buying an additional 48,014 shares during the last quarter. Goldman Sachs Group Inc. grew its position in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Appian by 2.6% during the first 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 acquiring an additional 2,244 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Appian in the 2nd quarter worth $556,000. Finally, AlphaQuest LLC raised its position in Appian by 107.8% in the 2nd quarter. AlphaQuest LLC now owns 14,540 shares of the company’s stock worth $434,000 after buying an additional 7,543 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors.

Key Stories Impacting Appian

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q4 results beat — Appian reported $0.15 EPS (vs. consensus ~ $0.11) and revenue of $202.9M (+21.7% Y/Y), driving investor optimism about revenue acceleration and profitability. Appian Q4 earnings call transcript
• Positive Sentiment: Raised guidance — management issued Q1 EPS guidance of $0.16–0.20 and FY26 EPS of $0.82–0.96, both well above Street expectations, and raised revenue ranges — a key catalyst supporting the share lift. Press release
• Positive Sentiment: Capital return & profitability signal — coverage highlights Appian turning profitable and launching a $50M buyback, which supports investor confidence and EPS accretion potential. Investors reacting article
• Positive Sentiment: AI and public-sector tailwinds — management commentary and deep-dive coverage point to AI-driven upsell momentum and gains in public sector business as structural growth drivers. Deep dive article
• Neutral Sentiment: Analyst and media coverage — several transcripts, slides and analyst notes (Zacks, Seeking Alpha, Yahoo) provide detail for investors to re-model estimates; useful but not new catalysts by themselves. Zacks analysis Earnings presentation
• Neutral Sentiment: Short-interest data appears noisy/erroneous in recent filings (reported zeros and NaNs), so don’t read a clear crowd position signal from those numbers today. (No link available)
• Negative Sentiment: Barclays cut target to $21 and moved to underweight — a notable downside view that may cap upside and add selling pressure despite the beat and guidance. Benzinga note

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.