Appian (APPN) Stock Could Be Near Fair Value Despite AI Upside Talk

Appian has raced higher over the past year, and with the stock recently closing at US$52.35, the obvious question is whether that share price still lines up with the cash the business can generate over time. The stock has returned 65.6% over the past year, which puts real pressure on the question of whether the current valuation is fully supported by its underlying cash flows. Recent commentary around stronger execution, faster cloud growth and improving federal demand suggests investors may...