This Dark-Horse AI Stock Has Great News for Investors
Appian (NASDAQ: APPN) has long been a leader in low-code and automation technology, allowing its customers to quickly build powerful apps that automate things like insurance claims processing or customer applications.
In the AI era, Appian's technology has become even more powerful, and those results were on display in its second-quarter earnings report.
Cloud subscription revenue rose 21% to $106.9 million, driving overall revenue to $170.6 million, up 17% from the quarter a year ago and well ahead of estimates of $160.1 million. That was its fastest revenue growth in 10 quarters, and a sign that its AI investments are paying off.
Source Fool.com
Appian Stock
€37.24
0.620%
Our community is currently low on Appian with 1 Buy predictions and 4 Sell predictions.
With a target price of 32 € there is a slightly negative potential of -14.07% for Appian compared to the current price of 37.24 €.
