Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-30
APPN [bullish]
Appian Corporation
+31.4%
current return
Author Info
No bio for this author
Company Info
Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.
Market Cap
$3.2B
Pitch Price
$28.79
Price Target
38.00 (+0%)
Dividend
N/A
EV/EBITDA
87.95
P/E
-407.71
EV/Sales
4.77
Sector
Software
Category
growth
Appian Corporation: Shares Tank Excessively as Foreign Exchange Headwinds Weigh on Earnings
APPN: Cloud growth +24% w/ 120% net retention in Q1; FX losses weigh on EPS. FVE cut to $38 on lower IT/AI spend but shares still attractive. Investing in sales & innovation for future profitability. Risks: Competition, AI/LLM impact, path to GAAP profits. No moat due to declining ROIC but sticky customers (90%+ gross renewal). Standard stewardship.
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