Appian (NASDAQ:APPN) Raised to “Strong-Buy” at Zacks Research

Appian (NASDAQ:APPN) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on APPN. UBS Group set a $21.00 target price on Appian in a research note on Friday. Citigroup dropped their target price on Appian from $48.00 to $38.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Appian in a research report on Monday, December 29th. Wall Street Zen lowered shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, DA Davidson set a $25.00 price objective on shares of Appian in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Appian Price Performance

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

Appian (NASDAQ:APPN) last announced its 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 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 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. Analysts predict that Appian will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Appian

A number of institutional investors and hedge funds have recently made changes to their positions in APPN. EverSource Wealth Advisors LLC boosted its position in shares of Appian by 282.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 599 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Appian during the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 846 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Appian in the 4th quarter valued at $34,000. Finally, Allworth Financial LP boosted its holdings in shares of Appian by 175.2% in the 3rd 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. Institutional investors own 52.70% of the company’s stock.

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.