In a report released today, Siraj Ahmed from Citigroup maintained a Hold rating on Appen Ltd. (APPEF – Research Report), with a price target of AUD6.60. The company’s shares closed last Tuesday at $2.79.
According to TipRanks, Ahmed is an analyst with an average return of -22.3% and a 32.56% success rate. Ahmed covers the Technology sector, focusing on stocks such as Appen Ltd., Xero Limited, and Megaport Ltd..
The word on The Street in general, suggests a Hold analyst consensus rating for Appen Ltd. with a $3.86 average price target, representing a 38.35% upside. In a report released on August 3, RBC Capital also maintained a Hold rating on the stock with a AUD4.00 price target.
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APPEF market cap is currently $375.3M and has a P/E ratio of 11.81.
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Appen Ltd provides language technology and data solutions to technology companies and government agencies in the development of internet and mobile connected products. The company’s business segments are Content Relevance and Language Resources. The company serves the following industries: technology, retail, automotive, healthcare, government, and financial services. The company generates maximum revenue from Content Relevance segment.
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