How Does Appian Corp (APPN) Stock Rank on Wall Street Friday?

Wall Street is positive on Appian Corp (APPN). On average, analysts give Appian Corp a Buy rating. The average price target is $73.125, which means analysts expect the stock to increase by 35.64% over the next twelve months. That average ranking earns Appian Corp an Analyst Rating of 28, which is better than 28% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating APPN a Buy today. Find out what this means to you and get the rest of the rankings on APPN!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Appian Corp Stock Today?

Appian Corp (APPN) stock is trading at $53.91 as of 12:31 PM on Friday, Jun 24, a rise of $3.62, or 7.2% from the previous closing price of $50.29. The stock has traded between $51.61 and $55.20 so far today. Volume today is less active than usual. So far 335,306 shares have traded compared to average volume of 580,070 shares. Click Here to get the full Stock Report for Appian Corp stock.