Appian sees Q3 cloud subscriptions revenue between $133 mln and $135 mln
Company expects Q3 total revenue between $214 mln and $218 mln
Appian forecasts 2026 adjusted EBITDA of $104 mln to $110 mln
Overview
Process automation technology firm's Q2 revenue grew 19% yr/yr, driven by cloud subscriptions
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Appian Corp is $24.00, about 19.9% below its August 5 closing price of $29.96
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago
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