TD Cowen Cuts Appian (NASDAQ:APPN) Price Target to $30.00

Appian (NASDAQ:APPN) had its price target lowered by TD Cowen from $35.00 to $30.00 in a research report released on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

APPN has been the subject of several other research reports. Morgan Stanley set a $41.00 target price on Appian in a research note on Friday. DA Davidson set a $25.00 price objective on shares of Appian in a research report on Friday. Barclays lowered their price objective on shares of Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday. Wall Street Zen lowered shares of Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Appian in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Appian presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Appian Stock Up 2.4%

Shares of NASDAQ APPN opened at $25.14 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 2,514.00 and a beta of 0.90. Appian has a twelve month low of $21.77 and a twelve month high of $46.06. The firm has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $32.43.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.The firm had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. The firm’s revenue was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. As a group, equities analysts expect that Appian will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APPN. Wolf Hill Capital Management LP grew its holdings in shares of Appian by 298.1% during the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock valued at $30,424,000 after buying an additional 745,210 shares during the last quarter. Vanguard Group Inc. boosted its stake in Appian by 13.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company’s stock valued at $181,462,000 after purchasing an additional 681,643 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Appian by 86.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock valued at $39,470,000 after purchasing an additional 600,336 shares during the last quarter. Bank of America Corp DE increased its holdings in Appian by 182.7% during the 2nd quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after purchasing an additional 524,420 shares in the last quarter. Finally, Caption Management LLC raised its stake in shares of Appian by 127.3% in the second quarter. Caption Management LLC now owns 80,472 shares of the company’s stock worth $2,403,000 after purchasing an additional 375,758 shares during the last quarter. 52.70% of the stock is owned by institutional investors.

Key Stories Impacting Appian

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q4 beat and revenue growth — Appian reported $0.15 EPS vs. consensus ~$0.11 and revenue of $202.9M (≈22% YoY growth), beating estimates. This is the main driver of the rally. Appian Q4 Earnings Surpass Estimates
• Positive Sentiment: Raised guidance — Appian issued Q1 FY2026 EPS guidance of $0.160–0.200 (well above street) and FY2026 EPS of $0.820–0.960, plus higher revenue ranges, which materially improved forward expectations. Press Release / Guidance
• Positive Sentiment: Profitability and buyback — Coverage notes Appian has turned profitable and announced a $50M buyback, supporting EPS trajectory and signaling management confidence. Investors Reacting To Appian Turning Profitable
• Positive Sentiment: Operational highlights — Cloud subscription revenue grew ~18–19% YoY (Q4 and FY cloud subs), and management cited AI-driven upsell momentum and public sector gains in the outlook. Earnings Presentation
• Neutral Sentiment: Supporting materials — Multiple transcripts and deep-dive write-ups (earnings call, slide deck) are available for due diligence; these provide detail but are informational rather than market-moving by themselves. Earnings Call Transcript
• Neutral Sentiment: Short-interest data appears anomalous — Recent short-interest reports show “0” shares (likely a reporting glitch); no clear signal of a meaningful short squeeze or covering pressure. MarketBeat
• Neutral Sentiment: Volume and momentum — Trading volume has picked up versus the stock’s average, consistent with earnings-driven moves; monitor whether volume sustains. Seeking Alpha: Stock Reaction
• Negative Sentiment: Analyst downgrades/target cuts — TD Cowen lowered its target to $30 (hold) and Barclays cut to $21 (underweight); these trims indicate some analysts are taking a more cautious view despite the beat. Benzinga (TD Cowen) Benzinga (Barclays)

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.