Appian Corp. (APPN)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
$50.47-2.87%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
Research Workspace
Put APPN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Systems Software: fringe margins under pressure (2q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Achieve adjusted EBITDA between $97M and $105M: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 21% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 44% growth a year, above the roughly 16% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 59% in its worst 12-month stretch.
View RiskAppian’s investment case depends on revenue growth despite unprofitability and high valuation. Q2 FY2026 revenue grew 19% year over year, and non-GAAP earnings beat consensus. APPN trades at 71× P/E versus a 45× peer median. The market is pricing in more growth than our forecast. The risk is that this premium compresses before growth supports it. The next-quarter miss probability is 16%. Peer multiples imply a price about 50% below where it trades. The thesis is on watch; this read is provisional.
Trailing returns as of 2026-10-29. APPN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 7 analysts currently covering APPN (as of Oct 2026).
Based on 3 Wall Street analysts offering 12-month price targets for APPN in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| APPN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 6 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Systems Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put APPN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase total revenue by 13% to 14% YoY
Strong Q1 results support revenue growth objective.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $50.47
The last 12 months of price, then the range of analyst 12-month targets from today’s $50.47.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Increase total revenue by 13% to 14% YoY
Earnings transcript likely contains positive growth insights.
Threatens: Achieve adjusted EBITDA between $97M and $105M
Q1 net loss raises concerns about EBITDA target.
Advances: Increase total revenue by 13% to 14% YoY
Increased customer spending on AI supports revenue growth.
Acquisition aligns with growth and capital allocation strategy.