Appian Corp A
APPN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$98.00 | Dcfl | Jltdddzn |
Appian: AWS Partnership and AI-Infused Platform Upgrades Bolster Process Automation Offering
No-moat Appian announced preliminary first-quarter 2024 results at the firm’s annual customer conference, Appian World, which met our top-line expectations and slightly exceeded our non-GAAP adjusted EBITDA forecasts. Based on this announcement, we make no changes to our $42 fair value estimate and will update our valuation model once full results come out around early May. On a risk-adjusted basis, Appian shares continue to screen as fairly valued.