APPN Stock: $90 Price Target From Barclays

By Amit Chowdhry ● Sep 19, 2021
  • The shares of Appian Corp (NASDAQ: APPN) have received a $90 price target from Barclays. These are the details.

The shares of Appian Corp (NASDAQ: APPN) have received a $90 price target from Barclays. And Barclays analyst Raimo Lenschow had increased the price target from $77 while maintaining an “Underweight” rating on the shares.

In the next few months, investors plan to move to 2023 as the new base year for valuations. And for software – with high growth rates – this move will be crucial as valuation levels tend to see a meaningful step-down.

What does Appian do? Appian provides a low-code automation platform in the U.S. and internationally. And the company’s platform automates the creation of forms, workflows, data structures, reports, and other software elements that are needed to be manually coded. Plus the company also offers professional and customer support services. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.