Barclays Maintains Underweight on Appian, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Underweight rating on Appian (NASDAQ:APPN) and reduced the price target from $40 to $35, indicating a bearish outlook on the stock.
January 12, 2024 | 10:00 am
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Barclays has maintained an Underweight rating on Appian and lowered the price target from $40 to $35, suggesting a negative sentiment towards APPN's stock value.
The reduction in price target by a major financial institution like Barclays, accompanied by an Underweight rating, is likely to influence investors' perception negatively, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100