Morgan Stanley has revised its target price for Appian (APPN, Financial), reducing it from $35 to $27. The investment firm is maintaining an Equal Weight rating on the company’s shares. This adjustment is part of a broader strategy where Morgan Stanley is reassessing the risk and reward profiles of various software companies. This reevaluation comes as the firm considers the potential impacts of tariff uncertainty and the extent to which these risks are already reflected in current stock prices.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Appian Corp (APPN, Financial) is $39.50 with a high estimate of $53.00 and a low estimate of $27.00. The average target implies an upside of 47.19% from the current price of $26.84. More detailed estimate data can be found on the Appian Corp (APPN) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Appian Corp's (APPN, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Appian Corp (APPN, Financial) in one year is $56.28, suggesting a upside of 109.72% from the current price of $26.8357. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Appian Corp (APPN) Summary page.
