NVIDIA expands Microsoft partnership with Blackwell GPUs for AI infrastructure
Investing.com - DA Davidson has assumed coverage on Appian Corp. (NASDAQ:APPN) with a Neutral rating and a price target of $38.00, up from the previous target of $30.00. The new target aligns closely with Appian’s current trading price of $38.36, though InvestingPro data suggests the stock may be trading above its Fair Value.
The price target increase follows Appian’s strong third-quarter 2025 earnings report, which exceeded expectations on both revenue and profit metrics, with results surpassing the company’s guidance. InvestingPro data shows Appian has maintained impressive gross profit margins of 76.49% and achieved revenue growth of 15.97% over the last twelve months.
DA Davidson noted that Appian continues to execute effectively on its go-to-market strategy, with artificial intelligence adoption contributing significantly to cloud segment strength during the quarter.
The research firm highlighted that over 25% of Appian’s customers are currently paying for AI capabilities, demonstrating traction in this growth area.
The analyst maintained a Neutral stance on the stock despite the positive performance, adjusting the price target to reflect the company’s recent financial results and execution.
In other recent news, Appian Corporation reported second-quarter 2025 earnings and revenue that exceeded expectations, coming in significantly above the company’s own guidance. TD Cowen raised its price target for Appian to $40 from $35, citing the company’s cloud growth of 18% at constant currency, which surpassed their estimate of 16%, along with better-than-expected EBITDA results. However, TD Cowen also lowered its price target to $35 from $37 due to pressure on net revenue retention, while maintaining a Hold rating. DA Davidson assumed coverage of Appian with a Neutral rating and a $30 price target, following the strong earnings report.
Additionally, Appian’s board of directors authorized a share repurchase program of up to $10 million, effective immediately and continuing through August 2027. The company may use various methods to repurchase shares, including open market purchases and privately negotiated transactions. In personnel news, Appian announced that Christopher Winters, its General Counsel and Secretary, plans to retire in the fourth quarter of 2025. He will remain in his position until a successor is appointed, assisting with the transition. These developments reflect ongoing strategic and operational activities within Appian.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.