Why Appian Stock Fell Today
Shares of Appian (NASDAQ: APPN), a low-code application platform, fell today after two analysts lowered their price targets for the tech stock. While both analysts maintained their buy rating for Appian, the price target cuts follow the disappointing third-quarter results Appian reported last week. Truist analyst Joe Meares lowered his price target for Appian's stock to $50, down from his previous price of $65.