Barclays Maintains Underweight Rating for Appian: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for Appian (NASDAQ:APPN) and lowered its price target from $41.00 to $35.00. Appian's shares are currently trading down 1.18% at $42.60 per share. A move to the new price target would represent a 17.84% decline from the current share price.
October 12, 2023 | 5:00 pm
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Barclays has maintained its Underweight rating for Appian and lowered its price target, which could potentially lead to a decline in Appian's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Barclays' decision to maintain an Underweight rating and lower the price target for Appian suggests a negative outlook for the company's stock, which could lead to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100