DA Davidson Downgrades Appian to Neutral, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Appian (NASDAQ:APPN) from Buy to Neutral and lowered the price target from $48 to $33.
July 30, 2024 | 10:31 pm
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DA Davidson has downgraded Appian from Buy to Neutral and reduced the price target from $48 to $33, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $48 to $33 suggest a less favorable view of Appian's future performance, likely leading to a short-term decline in the stock price.
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