SHORT APPIAN (APPN); 40% Downside
We hope you can join us on Wednesday, June 25th at 2pm ET as we present our work on new short Appian (APPN).
We believe that Appian's (APPN) long-term market position faces structural headwinds as enterprise automation platforms consolidate and native AI capabilities reshape the low-code workflow landscape. Appian's traditional role as a specialized low-code platform increasingly conflicts with the industry's pivot toward integrated enterprise suites and AI-native automation tools. This shift is driven by enterprises prioritizing cost optimization and workflow consolidation through comprehensive platforms rather than point solutions.
Appian's core value proposition appears increasingly misaligned with customer priorities. These structural vulnerabilities, coupled with persistent execution challenges and rising competitive pressure, suggest Appian faces a diminishing total addressable market and limited pathways to sustainable growth, justifying its inclusion as an active short idea.
We will run through the thesis, data, and event path during our call on June 25th. And make a case for -40% downside over the next 9-12 months.