APPN - Appian Corporation
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$27.75
DETAILS
HIGH:
$41.00
LOW:
$22.00
MEDIAN:
$24.00
CONSENSUS:
$27.75
UPSIDE:
29.85%
AlphaVal
Deterministic, archetype-aware fair value
High-Growth Software
80% confidence
Primary model: Revenue × Terminal Margin DCF
Adjust Assumptions
21.0%
23.0%
12.0%
Key Value Driver
Revenue growth (21%) × margin expansion to 23%
Terminal Value % of EV
62%
Implied Market Multiple
2.4x
Plain-Language Summary
Our base-case estimate uses a discounted cash flow model based on revenue growth and long-run free cash flow margins. We then blend that result with the average analyst price target of $27.75 from 19 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $44.06 per share.
Warnings
Wall Street's average price target is $27.75 (from 19 analysts). Our estimate is 78% above the consensus -- consider that gap carefully.
Key Risks
- Current FCF misleads — the model values future margins, not today's cash
- SBC dilution is the hidden tax: 2-4% annual share growth compounds fast
- Revenue deceleration is inevitable — the question is when and how steep