Barclays Maintains Underweight on Appian, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Appian (NASDAQ:APPN) and raises the price target from $35 to $41.
August 07, 2023 | 1:16 pm
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Barclays maintains an Underweight rating on Appian, but raises the price target from $35 to $41.
While the Underweight rating suggests that Barclays expects Appian's stock to underperform, the increased price target indicates a more positive outlook than previously. This mixed signal could lead to uncertainty in the market, potentially keeping the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100