Appian (NASDAQ:APPN) Stock Rating Upgraded by Zacks Research

Appian (NASDAQ:APPN) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on APPN. DA Davidson set a $25.00 price objective on Appian in a research note on Friday, February 20th. Wall Street Zen cut Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Barclays lowered their price objective on Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Appian in a research note on Monday, December 29th. Finally, TD Cowen decreased their price target on Appian from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.33.

Appian Price Performance

Shares of NASDAQ APPN opened at $21.60 on Wednesday. The firm has a 50-day moving average of $24.20 and a 200 day moving average of $30.47. The stock has a market cap of $1.60 billion, a P/E ratio of 2,160.00 and a beta of 1.00. Appian has a 1 year low of $19.89 and a 1 year high of $46.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings data 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 analysts’ expectations of $189.33 million. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.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. Research analysts expect that Appian will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Appian

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Appian by 282.5% during 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 period. Aster Capital Management DIFC Ltd bought a new stake in Appian during the fourth quarter valued at about $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 valued at $30,000 after purchasing an additional 846 shares during the period. Kestra Advisory Services LLC bought a new stake in Appian during the fourth quarter valued at about $34,000. Finally, Allworth Financial LP grew its holdings in 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 purchasing an additional 720 shares during the period. 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.