Morgan Stanley Boosts Target Price for Appian Corporation, Leading Low-Code Automation Provider
August 14, 2023
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Appian Corporation ($NASDAQ:APPN) is a leading provider of low-code process automation solutions, and its stock was recently boosted by Morgan Stanley. The investment firm raised its target price for Appian Corporation, citing the company’s strong growth. Appian’s technology platform helps businesses develop applications quickly and efficiently without coding, which gives them the ability to create automated processes quickly and cost-effectively. Appian’s low-code automation solutions enable organizations to automate manual processes, manage complex workflows, and improve overall operational efficiency. The company also offers a suite of cloud-based products which make it easier for users to create and manage applications.
Appian’s technology offers a range of features such as application development, data management, and analytics to help organizations get the most out of their software. Appian Corporation is also expanding its presence in other industries, including healthcare, government, and financial services. As Appian continues to develop its technology and expand its customer base, investors may find the company to be an attractive investment opportunity.
Price History
On Monday, Appian Corporation, a leading provider of low-code automation solutions, opened its stock at $49.9 and closed at $49.0, a decrease of 1.1% from the previous closing price of 49.6.
However, this decrease in share value did not deter Morgan Stanley from boosting its target price for the company. Appian Corporation is a software development company that specializes in providing low-code automation solutions. The company offers various products, such as Appian Cloud, which enables users to rapidly develop, deploy, and manage business applications without needing to write code.
In addition, Appian also provides platforms for workflow automation, customer experience management, and enterprise application integration. The boost in target price from Morgan Stanley reflects the company’s confidence in Appian Corporation’s ability to continue to provide innovative solutions and remain competitive in the low-code automation market. This news sent a positive signal to the market, further increasing the confidence of Appian Corporation’s investors in the company’s growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Appian Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 506.61 | -157.6 | -31.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Appian Corporation. More…
| Operations | Investing | Financing |
| -93.49 | -15.68 | 203.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Appian Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 612.36 | 531.72 | 1.1 |
Key Ratios Snapshot
Some of the financial key ratios for Appian Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.8% | – | -28.5% |
| FCF Margin | ROE | ROA |
| -20.9% | -91.6% | -14.7% |
Analysis
GoodWhale analyzed APPIAN CORPORATION‘s financials and found that it has a low health score of 3/10, indicating it is less likely to be able to pay off debt and fund future operations. APPIAN CORPORATION is strong in terms of growth but only medium in terms of assets and weak in terms of dividends and profitability. After assessing the financials, GoodWhale classified APPIAN CORPORATION as a ‘cheetah’, meaning a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors that may be interested in this type of company are those that are looking for higher risk/higher reward investments and are okay with taking on more volatility. More…
Peers
Its competitors include MiMedia Holdings Inc, Zenvia Inc, and CCC Intelligent Solutions Holdings Inc.
– MiMedia Holdings Inc ($TSXV:MIM)
As of 2022, ViMedia Holdings Inc has a market cap of 8.46M and a Return on Equity of 55.92%. ViMedia is a provider of video streaming services. The company was founded in 2004 and is headquartered in New York, NY.
– Zenvia Inc ($NASDAQ:ZENV)
return on equity (ROE) is a measure of profitability that calculates how much profit a company generates with the money shareholders have invested. The higher the ROE, the more profitable the company is for its investors.
Zenvia Inc has a market cap of 72.23M as of 2022 and a ROE of -3.81%. This means that the company is not very profitable for its investors. The company provides mobile marketing and communication solutions.
– CCC Intelligent Solutions Holdings Inc ($NYSE:CCCS)
The company’s market cap is 5.28B as of 2022 and its ROE is -6.42%. The company provides intelligent solutions that enable businesses to make better decisions, improve operational efficiencies and optimize customer engagement. It offers a suite of products and services that include business intelligence, data management, advanced analytics, predictive analytics, and custom application development.
Summary
Morgan Stanley recently increased their target price for Appian Corporation, a provider of low-code process automation solutions. This follows a series of positive news for the company, as investors are seeing signs of strong growth potential in the future. The Appian platform is designed to help companies quickly develop digital transformation and automation solutions, and the increased target price is a sign that investors are confident in the company’s product and strategy. As the digital economy continues to grow, Appian appears to be well positioned to capitalize on the market opportunity, providing a compelling value proposition for investors.
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