Appian shares are trading higher. Yesterday, the company reported better-than-expected Q2 financial results, raised its FY26 guidance above estimates and issued Q3 sales guidance above estimates.

Shares of software companies are trading lower as inflation concerns and elevated oil prices push U.S. and global bond yields higher, raising concerns that the Federal Reserve could tighten monetary policy later this month. Higher rates can weigh on growth stocks by making future profits less attractive.

DA Davidson Maintains Neutral on Appian, Raises Price Target to $42

DA Davidson analyst Lucky Schreiner maintains Appian (NASDAQ:APPN) with a Neutral and raises the price target from $34 to $42.

DA Davidson Maintains Neutral on Appian, Raises Price Target to $34

DA Davidson analyst Lucky Schreiner maintains Appian (NASDAQ:APPN) with a Neutral and raises the price target from $22 to $34.

Citigroup Maintains Buy on Appian, Raises Price Target to $40

Citigroup analyst Steven Enders maintains Appian (NASDAQ:APPN) with a Buy and raises the price target from $37 to $40.