Citi lowered the firm’s price target on Appian (APPN) to $40 from $53 and keeps a Buy rating on the shares as part of a Q1 earnings preview. The firm sees a challenging near-term deal environment for enterprise automation software companies with some deal delays expected given the macro uncertainty and potential Department of Government Efficiency disruption within federal. Citi cut the price target to account for the recent reset in software valuations.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue