Goldman Sachs analyst Kevin Kumar maintained a Buy rating on Appian (APPN – Research Report) today and set a price target of $55.00. The company’s shares opened today at $38.80.
According to TipRanks, Kumar is an analyst with an average return of -27.0% and a 0.00% success rate. Kumar covers the Technology sector, focusing on stocks such as Pegasystems, Appian, and WalkMe.
Currently, the analyst consensus on Appian is a Moderate Buy with an average price target of $47.25, representing a 21.78% upside. In a report released today, Truist Financial also maintained a Buy rating on the stock with a $50.00 price target.
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The company has a one-year high of $102.26 and a one-year low of $34.53. Currently, Appian has an average volume of 350.7K.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is neutral on the stock.
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Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, V A.
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