DA Davidson assumes coverage on Appian stock with Neutral rating

Published 08/08/2025, 11:50
DA Davidson assumes coverage on Appian stock with Neutral rating

Investing.com - DA Davidson has assumed coverage on Appian Corp . (NASDAQ:APPN), a $2.17 billion market cap software company, with a Neutral rating and a $30.00 price target, following the company’s second-quarter 2025 earnings results. According to InvestingPro data, analyst targets range from $29 to $42, suggesting mixed sentiment on the stock’s potential.

The research firm noted that Appian’s Q2 2025 performance exceeded expectations on both revenue and earnings, with results coming in significantly above the company’s guidance.

According to DA Davidson, new business demand and a larger pipeline were key factors that drove a substantial increase to Appian’s full-year guidance.

The firm highlighted that Appian’s management indicated artificial intelligence is having a tangible impact on the company’s results, helping it realize higher prices for its products.

DA Davidson also observed that AI implementation is helping Appian build momentum in the high-end segment of the market.

In other recent news, Appian Corporation’s Q2 2025 financial results have been released, showing a notable performance in terms of revenue. The company reported a revenue of $170.64 million, which exceeded forecasts by 6.64%. However, Appian’s earnings per share (EPS) fell short of expectations, coming in at $0 compared to the anticipated -$0.13. Despite the EPS miss, the company’s revenue growth seems to have positively influenced investor sentiment. These developments reflect ongoing changes in the company’s strategic direction. The mixed results highlight areas of both strength and challenge for Appian. Investors may find the revenue beat encouraging as it suggests potential for future growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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