- Appian (APPN, Financial) faces volatility amid broader market challenges, with a notable year-to-date decline.
- Analyst projections suggest a potential 16.61% upside from current trading levels.
- GuruFocus estimates indicate a substantial potential upside, forecasting a GF Value of $55.96.
Appian Corp (NASDAQ: APPN) has experienced significant market turbulence recently, indicative of broader economic influences. As of now, the stock has seen a 10.2% decline year-to-date, currently trading at $29.82, which positions it 28.2% below its 52-week peak. This is following a 23.1% drop after underwhelming quarterly results, leaving investors watchful as market sentiment continues to evolve.
Wall Street Analysts' Expectations
Analysts on Wall Street have set a one-year price target average of $35.83 for Appian Corp (APPN, Financial). This estimate ranges from a high of $43.00 to a low of $27.00, implying a potential upside of 16.61% from the current price of $30.73. As investors evaluate this potential growth, more comprehensive estimate data can be accessed on the Appian Corp (APPN) Forecast page.
Brokerage Recommendations
The consensus recommendation from nine brokerage firms for Appian Corp (APPN, Financial) currently stands at 2.9, indicating a "Hold" status on the stock. On this rating scale, a score of 1 suggests a Strong Buy, while a 5 indicates a Sell, positioning Appian at a moderately cautious tier.
GuruFocus Outlook
According to GuruFocus estimates, the projected GF Value for Appian Corp (APPN, Financial) in the next year is $55.96. This projection indicates a remarkable potential upside of 82.1% from the current trading price of $30.73. The GF Value is a GuruFocus proprietary metric that combines historical trading multiples and business growth trends with future performance projections to estimate the stock's fair trading value. For a deeper dive into these metrics, visit the Appian Corp (APPN) Summary page.
