Barclays Maintains Underweight on Appian, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Appian (NASDAQ:APPN) and lowers the price target from $36 to $32.
May 03, 2024 | 2:14 pm
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Barclays maintains an Underweight rating on Appian and reduces the price target from $36 to $32.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on Appian's stock. This could lead to a negative short-term impact on the stock price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100