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

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

Other equities analysts also recently issued research reports about the stock. Morgan Stanley set a $41.00 price objective on shares of Appian in a research note on Friday. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group set a $21.00 price target on Appian in a research report on Friday. Citigroup decreased their price objective on Appian from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Friday. Finally, TD Cowen dropped their price objective on Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Appian Price Performance

APPN stock opened at $24.94 on Monday. Appian has a 1-year low of $21.77 and a 1-year high of $46.06. The business has a 50-day moving average price of $30.06 and a 200 day moving average price of $32.36. The company has a market capitalization of $1.84 billion, a P/E ratio of 2,494.00 and a beta of 0.90.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Appian by 282.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 599 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Appian during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 846 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Appian in the 4th quarter valued at approximately $34,000. Finally, Allworth Financial LP boosted its stake in Appian by 175.2% in the 3rd quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

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.