APX Charts, page-2977

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lochfc

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15/10/21

22:05

Post #: 56841639
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Originally posted by Ehsanzo: ↑

Could the Appen share price rebound to $17.00 by Christmas?Positively for shareholders, one leading broker believes the Appen share price could rise materially from here.According to a note out of Citi this week, its analysts have retained their buy rating and $17.00 price target on the company’s shares. Based on the current Appen share price, this implies massive upside of 82% for investors.In light of this, Citi appears to see potential for the Appen share price to trade at that level at Christmas. Though, it is worth noting that this price target is for the next 12 months.Why is Citi bullish?While the broker acknowledges that trading conditions have been tough recently, which explains why Appen’s shares are performing so poorly this year, it remains positive on the long term.Citi sees Appen as well placed to benefit from the higher spending on artificial intelligence and expects it to leverage its increased capabilities and expand its addressable market.The broker has also previously noted that its industry discussions suggest that demand for human annotated training data is not structurally impaired.It also previously suggested that the company could become a takeover target if its shares stay this low for much longer. The broker highlights that rival Lionbridge was acquired by Telus on much higher multiples to those that the Appen share price currently trades on.All in all, this could make it one to watch over the coming months.

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Perhaps you could acknowledge that this is straight out of MF verbatim.

APX Price at posting: $9.65 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 48.0¢		Change -0.010(2.04%)		Mkt cap ! $106.7M

Open	High	Low	Value	Volume
49.5¢	49.8¢	47.5¢	$529.9K	1.091M

Buyers (Bids)

No.	Vol.	Price($)
4	6667	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	649	2

View Market Depth

No.	Vol.	Price($)
4	6667	0.480
4	57999	0.475
4	17022	0.470
10	67719	0.465
3	37800	0.460

Price($)	Vol.	No.
0.490	649	2
0.495	91918	7
0.500	145003	9
0.505	128647	4
0.510	52535	10

Last trade - 16.10pm 19/06/2024 (20 minute delay)

APX (ASX) Chart

APX Charts, page-2977

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APX Charts, page-2977

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