Down 84%, Is This Artificial Intelligence (AI) Stock a Buy After an Earnings Pop?
Appian(APPN) The Motley Fool·2024-02-19 21:07
Like much of the software sector, cloud computing specialist Appian (APPN -1.01%) saw its shares fall sharply in the bear market of 2022.The stock had soared to a sky-high valuation in early 2021 with the help of a short squeeze, but that proved to be unsustainable. And though the company delivered solid growth through the broader slowdown in the tech sector, the valuation has compressed substantially. Shares are now down 84% from their peak in early 2021.However, Appian's shares jumped over 12% this past T ...