Canaccord analyst Conor O’Prey upgraded Appen to Speculative Buy from Hold with a price target of A$0.80, up from A$0.60. Appen’s June quarterly update “demonstrates that there is life after Google” as revenues recovered strongly towards the end of the quarter, notes the analyst, who adds that an improved trajectory in revenues means the cash flow profile improves as well.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPEF: