#3 - Appian Corporation (NASDAQ:APPN)
If you like to look for undervalued stocks in the tech sector, consider Appian Corporation (NASDAQ:APPN). Appian enables its client companies to automate coding across applications and websites. This need for low-code automation is seeing exponential growth
This makes APPN stock a good choice for investors who like to skate to where the puck is heading. In fact, company management is guiding for revenue growth of 39% to 40%. That would be the fastest growth in the company’s history.
APPN stock has been caught up in a couple of short squeeze events, and short interest on the stock is around 17%. Still, there isn’t much evidence that the company is directly in the sights of the Wallstreetbets band of investors.
Appian is not yet profitable, but a look at the company’s price-to-sales ratio suggests the stock is expensive. Still, if the company hits its growth projections it will play nicely with a three-year cloud subscription renewal rate of 98%.
About Appian
Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.
Read More - Current Price
- $38.55
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $40.20 (4.3% Upside)
