19-05-2025
Appen (APPEF) Receives a Buy from Canaccord Genuity
Canaccord Genuity analyst Conor O'Prey maintained a Buy rating on Appen (APPEF – Research Report) on May 16 and set a price target of A$2.35. The company's shares closed last Wednesday at $0.76.
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According to TipRanks, O'Prey is a 3-star analyst with an average return of 2.9% and a 43.10% success rate. O'Prey covers the Technology sector, focusing on stocks such as Appen, Nextdc Limited, and Megaport.
Currently, the analyst consensus on Appen is a Moderate Buy with an average price target of $1.51.
Based on Appen's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $182.84 million and a GAAP net loss of $3.41 million. In comparison, last year the company earned a revenue of $205.49 million and had a GAAP net loss of $114.59 million
