Appian's Cloud Growth Blasts Through Expectations: What's Next for the Stock?

Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.

Shares of low-code software and software robotics platform Appian (NASDAQ: APPN) were up double-digit percentages the day after reporting third-quarter 2020 results last week. The stock is up 140% year to date as of this writing, erasing worries in the spring that effects from the coronavirus pandemic would weigh heavily on the company's customers -- and thus on Appian's growth trajectory.

Expectations are now riding high and have pushed the stock's valuation higher in recent months, but the long-term reasons for bullishness on Appian haven't changed.

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Source Fool.com