Why Appian Stock Was Climbing Higher Today

Shares of Appian (NASDAQ: APPN) were moving higher today after the maker of low-code cloud software got a bullish note from Hedgeye, which added the stock to its "best ideas" list. Hedgeye said it sees "product and market demand upside of 3x over time as low-code goes from marginal to mainstream, and as APPN goes from #2 to clear #1." The leader that Hedgeye is referring to is probably Microsoft, though Appian is considered the leading independent, low-code platform.