Appian Stock Down 84% From 2021 Highs Despite Strong Growth Prospects
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Appian is a cloud computing company whose stock price has fallen 84% from its 2021 peak.
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The company recently posted strong Q4 results, beating revenue estimates and delivering a surprise profit.
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Appian is focusing growth on AI capabilities and its "data fabric" technology to connect disparate data sources.
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The CEO sees these new offerings driving revenue growth and profitability improvements in the coming years.
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While risks remain, Appian's growth prospects look good and the stock may have significant upside potential if execution continues.