TD Cowen lowered the firm’s price target on Appian (APPN) to $30 from $35 and keeps a Hold rating on the shares. The firm said they posted Cloud growth of 16%, in line with estimates while on-prem and PS outperformed driven by US Fed strength.
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Read More on APPN:
- Appian price target lowered to $25 from $38 at DA Davidson
- Appian price target lowered to $41 from $45 at Morgan Stanley
- Appian price target lowered to $38 from $48 at Citi
- Appian price target lowered to $21 from $34 at Barclays
- Activist Shareholders Pose Strategic and Governance Risks for Appian, Threatening Long-Term Execution
