DA Davidson Assumes Appian Corp. (APPN) at Neutral
DA Davidson analyst Gil Luria assumes coverage on Appian Corp. (NASDAQ: APPN) with a Neutral rating and a price target of $30.00.
The analyst comments "We are assuming coverage of Appian with a NEUTRAL rating and a price target of $30 following 2Q25 earnings that beat expectations on the top and bottom line with results significantly above guidance. New business demand and a larger pipeline drove a material increase to the full-year guide, as management noted AI is having a tangible impact on results helping them realize higher prices and build momentum on the high end of the market."
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Shares of Appian Corp. closed at $29.18 yesterday.