Appian (NASDAQ:APPN) Upgraded by Zacks Research to Strong-Buy Rating

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

A number of other brokerages have also recently commented on APPN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a research report on Monday, December 29th. UBS Group set a $21.00 target price on shares of Appian in a research report on Friday, February 20th. Barclays decreased their target price on shares of Appian from $34.00 to $21.00 and set an “underweight” rating on the stock in a research report on Friday, February 20th. Morgan Stanley set a $41.00 target price on shares of Appian in a research report on Friday, February 20th. Finally, TD Cowen decreased their target price on shares of Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.33.

Appian Stock Performance

Appian stock opened at $21.60 on Wednesday. The stock has a market cap of $1.60 billion, a P/E ratio of 2,160.00 and a beta of 1.00. The firm’s fifty day moving average price is $24.20 and its 200-day moving average price is $30.47. Appian has a fifty-two week low of $19.89 and a fifty-two week high of $46.06.

Appian (NASDAQ:APPN) last issued its earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $202.87 million for the quarter, compared to analysts’ expectations 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% 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. On average, analysts predict that Appian will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Appian

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Appian by 282.5% in the third 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 period. Aster Capital Management DIFC Ltd purchased a new position in shares of Appian in the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Appian by 693.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after acquiring an additional 846 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Appian in the fourth quarter valued at about $34,000. Finally, Allworth Financial LP increased 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 acquiring an additional 720 shares during the period. Hedge funds and other 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.