Research Alert: CFRA Maintains Hold Recommendation On Shares Of Appian Corporation.

06:05 PM EDT, 04/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our Hold recommendation on shares of APPN, but drop our target price to $29 from $43, on a EV/sales multiple of 3.4x our 2025 sales estimate of $682M, below its 3-year average, and its software peer group mean on internal sales execution challenges, and a less optimistic economic picture. We decrease our 2025 EPS projection to $0.20 from $0.21, and lower our 2026 EPS estimate to $0.58 from $0.65. We expect headwinds to intensify for APPN, on the back of a more challenging economic landscape, increased cost-consciousness, and reduced IT budgets. APPN is also trying to ramp its operations following sales changes in 2024. These difficulties are likely to weigh on the firm in the short-term, but we remain positive on the opportunity to benefit from enterprise priorities in AI solutions over the longer term, to raise employee productivity and improve operational efficiency. Valuation is also attractive as its current multiple trades below its thee and five year average.

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