Goldman Sachs Maintains Buy Rating for Appian: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Buy rating for Appian (NASDAQ:APPN) but lowered its price target from $58.00 to $50.00. Appian's shares are currently trading down 2.21% at $40.80 per share. A move to $50.00 would represent a 22.55% increase from the current share price.
November 03, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs has maintained its Buy rating for Appian but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
Goldman Sachs' decision to maintain its Buy rating for Appian indicates a positive outlook for the company. However, the lowering of the price target could lead to a short-term decrease in the stock price as it may be interpreted by the market as a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100