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Why Appian Stock Tumbled Today

TheMotleyFool

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Why Appian Stock Tumbled Today: https://g.foolcdn.com/editorial/images/775489/globe-cloud-software-network.jpg

Shares of Appian (NASDAQ: APPN) were taking a dive today after the low-code cloud software company reported first-quarter results that matched analyst expectations on the top line but came up short on the bottom line.

Appian also cut its bottom-line forecast for the year.

As a result, the stock was down 19.1% as of 11:43 a.m. ET.

Source Fool.com

Appian Stock

The Appian stock is trending slightly upwards today, with an increase of €0.070 (0.260%) compared to yesterday's price.
Currently there is a rather positive sentiment for Appian with 10 Buy predictions and 3 Sell predictions.
As a result the target price of 46 € shows a very positive potential of 76.11% compared to the current price of 26.12 € for Appian.

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