Scotiabank analyst Nick Altmann initiated coverage of Appian (APPN) with a Sector Perform rating and $37 price target The firm tells investors in a research note that customer feedback has been positive on Appian’s positioning, and the total addressable market, or TAM, remains sizable at about $30B, which can lead to continued growth opportunities, the analyst tells investors in a research note. At the same time, Scotiabank says it remains unclear how meaningful the impact of Appian’s newfound focus on margin will be on growth durability, which is likely to cloud medium-term visibility as software peers look for continued stabilization and reacceleration.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue