APPN Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Appian Platform Update: Appian launched version 25.1 of its platform, enhancing scalability, AI capabilities, and user experience. This update is expected to strengthen its position in the enterprise application market and attract more clients.
Legal Developments: The Supreme Court of Virginia agreed to hear Appian's petition to reinstate a $2.036 billion judgment against Pegasystems. This legal victory could positively impact Appian's financials and investor sentiment.
Technical Analysis:
Price Trend: APPN's stock price is currently at $30.46, with recent volatility. The RSI_6 is 34.86, indicating oversold conditions, which may signal a potential rebound.
Fibonacci Levels: Key resistance levels are at 33.01 and 35.39. Breaking above these levels could indicate a bullish trend.
MACD: The MACD is currently negative, suggesting bearish momentum, but recent positive news may reverse this trend.
Prediction and Recommendation:
Based on the positive news and technical indicators, the stock is expected to rise to $34.50 next week. The combination of improved platform features and potential legal success makes this a good time to buy.
Buy APPN with a target price of $34.50.
APPN Similar Chart Price Prediction
The price of APPN is predicted to go up 62.93%, based on the high correlation periods with IGMS. The similarity of these two price pattern on the periods is 94.91%.
APPN
IGMS
Up: 62.93%Similarity: 94.91%
APPN Revenue Forecast
APPN EPS Forecast
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APPN VS S&P500
Appian's cloud retention metrics are strong, indicating that once customers are on the platform, they rarely leave.
Low-code may benefit from AI and LLMs, enabling even quicker application development where AI checks and recommends code, aiding applications deployment by users and allowing Appian to have more touchpoints in an organization.
We view Appian as more than a stand-alone BPM platform, with a product suite including data fabric, process automation, and process mining.
APPN Analyst's Forecast
Jason Celino
Keybanc
Hold
2025-01-14
Price Target
n/a
Downside
0%
KeyBanc assumed coverage of Appian with a Sector Weight rating and no price target. The firm assumed coverage of the workflow automation sub-sector with a constructive view. The market is "significantly large" and is supported by a durable stream of opportunities from organizations executing upon their everlasting digital transformation journey, the analyst tells investors in a research note. KeyBanc sees meaningful opportunities for workflow automation providers Appian and Pegasystems to capture. It is encouraged by Appian's recent pricing and packaging changes and growth opportunity in solutions. Though, without much clarity around the company's growth and margin framework and recent leadership changes posing potential execution risks, the stock's current risk/reward is more balanced, contends the firm.
Nick Altmann
Scotiabank
Hold
2025-01-06
Price Target
$37
Upside
+6.94%
Raimo Lenschow
Barclays
Sell
2024-12-06
Price Target
$34 → $37
Downside
-9.02%
