Appian Corporation (APPN)
NASDAQ: APPN · Real-Time Price · USD
36.63
+0.88 (2.46%)
At close: Nov 1, 2024, 4:00 PM
37.08
+0.45 (1.23%)
After-hours: Nov 1, 2024, 6:37 PM EDT
Appian Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Appian stock have an average target of 38.75, with a low estimate of 29 and a high estimate of 52. The average target predicts an increase of 5.79% from the current stock price of 36.63.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Appian stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 2 | 2 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $33 | Hold | Maintains | $33 | -9.91% | Oct 14, 2024 |
| Barclays | Barclays | Sell Maintains $32 → $29 | Sell | Maintains | $32 → $29 | -20.83% | Aug 5, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $47 → $41 | Strong Buy | Maintains | $47 → $41 | +11.93% | Aug 2, 2024 |
| Keybanc | Keybanc | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Aug 2, 2024 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $48 → $33 | Strong Buy → Hold | Downgrades | $48 → $33 | -9.91% | Jul 30, 2024 |
Financial Forecast
Revenue This Year
624.03M
from 545.36M
Increased by 14.42%
Revenue Next Year
695.47M
from 624.03M
Increased by 11.45%
EPS This Year
-0.56
from -1.52
EPS Next Year
0.07
from -0.56
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 644.6M | 732.5M | 807.6M | ||
| Avg | 624.0M | 695.5M | 770.6M | ||
| Low | 597.8M | 657.6M | 725.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.2% | 17.4% | 16.1% | ||
| Avg | 14.4% | 11.4% | 10.8% | ||
| Low | 9.6% | 5.4% | 4.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.55 | 0.21 | 0.83 | ||
| Avg | -0.56 | 0.07 | 0.49 | ||
| Low | -0.59 | -0.17 | 0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 1,038.5% | ||
| Avg | - | - | 568.1% | ||
| Low | - | - | 48.0% |
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.