Could Appian Be a Millionaire-Maker Stock?
Last year, the coronavirus pandemic forced vast numbers of businesses to close their offices, leaving many enterprises in desperate need of digital solutions. This threw a spotlight on the importance of agile software development and highlighted the value of Appian's (NASDAQ: APPN) low-code platform.
Much to the delight of its shareholders, Appian stock price has skyrocketed by more than 320% in the last 12 months. But those gains are in the past, and the company faces competition from much larger rivals. So, does Appian have what it takes to deliver millionaire-maker returns from here?
Appian's low-code platform makes it possible for almost anyone to build computer applications. With the platform's visual interface, clients create software using a drag-and-drop method rather than writing lines of code. That helps Appian's customers achieve agility without keeping a multitude of software developers on the payroll.
Source Fool.com
