Appian price target raised to $30 from $25 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Appian to $30 from $25 and keeps an Underweight rating on the shares following the "solid" Q4 results. The analyst expects the shares to trade slightly lower on the results. Even though Appian posted solid sales and provided fiscal 2023 cloud and revenue guidance slightly above expectations, there is a lack of clarity on its path to profitability post 2023, the analyst tells investors in a research note.