Federal Segment Strength Fuels Optimism Towards Appian (APPN)

Appian Corporation (NASDAQ:APPN) is one of the 9 small-cap software infrastructure stocks with the highest upside potential.

On January 27, Steve Enders from Citi maintained his Buy rating on Appian Corporation (NASDAQ:APPN). The analyst forecasted a target price of $48, which leads to an upside potential of more than 108%. He also placed Appian Corporation (NASDAQ:APPN) on an “upside 90-day catalyst watch.”

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Enders reflected on the company’s fourth quarter results and 2026 guidance, which indicate continued strength across the federal segment. He believes this setup presents a compelling risk/reward opportunity for investors.

Back on January 12, Appian Corporation (NASDAQ:APPN) was upgraded from an Equal Weight to an Overweight rating by Morgan Stanley analyst Sanjit Singh. He forecasted a $45 price target, yielding upside potential of more than 95%.

Singh’s rating revision is based on his belief that the market has a misconception about the company. He anticipates growth in mid-teens amid customer adoption of the company’s AI-linked subscription tiers, along with enhanced sales productivity.

Appian Corporation (NASDAQ:APPN) is a global cloud-based platform-as-a-service (PaaS) provider. It allows enterprises to design and automate business processes through an integrated automation platform. The platform encompasses various features, including AI, data fabric, and process automation & mining.

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.

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Disclosure: None. This article is originally published at Insider Monkey.