DA Davidson Initiates Neutral Rating on Appian (APPN) After Earnings Beat

Appian Corporation (NASDAQ:APPN) is one of the Hot AI Stocks on Wall Street’s RadarOn August 8, DA Davidson analyst Gil Luria assumed coverage on the stock following the company’s second-quarter 2025 earnings results. It has a Neutral rating and a price target of $30.00.

Appian’s Q2 2025 performance beat expectations on both revenue and earnings, with results remarkably above the company’s guidance.

“We are assuming coverage of Appian with a NEUTRAL rating and a price target of $30 following 2Q25 earnings that beat expectations on the top and bottom line with results significantly above guidance.”

The firm highlighted two factors driving significant increase to its full-year guidance.

DA Davidson Initiates Neutral Rating on Appian (APPN) After Earnings Beat

A financial analyst looking at the news, analyzing the trends of the insurance market.

“New business demand and a larger pipeline drove a material increase to the full-year guide, as management noted AI is having a tangible impact on results helping them realize higher prices and build momentum on the high end of the market.”

Appian Corporation (NASDAQ:APPN) provides an automation platform that helps businesses design, automate, and optimize processes using AI, process mining, and data integration.

While we acknowledge the risk and potential of APPN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APPN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 15 AI Stocks Taking Wall Street by Storm and 10 High Flying AI Stocks This Week.

Disclosure: None.