DA Davidson raised the firm’s price target on Appian (APPN) to $35 from $28 and keeps a Neutral rating on the shares. The company’s Q1 results exceeded expectations and provided strong metrics on AI adoption, though Appian remains in a challenged position with over 50% of revenues from either the U.S. Federal government or ex-U.S. customers, the analyst tells investors in a research note.
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Read More on APPN:
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