Appian Corporation (APPN)
NASDAQ: APPN · IEX Real-Time Price · USD
31.13
+0.37 (1.20%)
At close: Jul 2, 2024, 4:00 PM
31.10
-0.03 (-0.10%)
After-hours: Jul 2, 2024, 7:31 PM EDT
Appian Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Appian stock have an average target of 46.43, with a low estimate of 32 and a high estimate of 55. The average target predicts an increase of 49.15% from the current stock price of 31.13.
Analyst Consensus: Buy
* Price targets were last updated on May 3, 2024.
Analyst Ratings
The average analyst rating for Appian stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $50 → $37 | Buy | Maintains | $50 → $37 | +18.86% | May 3, 2024 |
| Barclays | Barclays | Sell Maintains $36 → $32 | Sell | Maintains | $36 → $32 | +2.79% | May 3, 2024 |
| Barclays | Barclays | Sell Maintains $35 → $36 | Sell | Maintains | $35 → $36 | +15.64% | Apr 15, 2024 |
| Citigroup | Citigroup | Hold Maintains $48 → $52 | Hold | Maintains | $48 → $52 | +67.04% | Mar 22, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $55 → $52 | Strong Buy | Maintains | $55 → $52 | +67.04% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
628.44M
from 545.36M
Increased by 15.23%
Revenue Next Year
715.80M
from 628.44M
Increased by 13.90%
EPS This Year
-0.82
from -1.52
EPS Next Year
-0.14
from -0.82
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 651.0M | 756.7M | 873.0M | 943.4M | 1.1B |
| Avg | 628.4M | 715.8M | 811.7M | 916.5M | 1.0B |
| Low | 602.5M | 677.5M | 748.6M | 880.5M | 991.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.4% | 20.4% | 22.0% | 16.2% | 15.9% |
| Avg | 15.2% | 13.9% | 13.4% | 12.9% | 12.6% |
| Low | 10.5% | 7.8% | 4.6% | 8.5% | 8.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.80 | 0.26 | 0.82 | 1.48 | 1.74 |
| Avg | -0.82 | -0.14 | 0.46 | 1.44 | 1.69 |
| Low | -0.83 | -0.46 | 0.01 | 1.38 | 1.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | 219.5% | 21.2% |
| Avg | - | - | - | 210.4% | 17.7% |
| Low | - | - | - | 198.2% | 13.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.