In a report issued on April 12, Raimo Lenschow from Barclays maintained a Hold rating on Appian Corp (APPN – Research Report), with a price target of $34. The company’s shares closed on Friday at $32.57.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 21.4% and a 76.7% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.
Currently, the analyst consensus on Appian Corp is a Moderate Sell with an average price target of $30.
Based on Appian Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $13.9 million. In comparison, last year the company had a GAAP net loss of $9.55 million.
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Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service.