In our monthly webinar last Friday on the potential ‘gold medal stocks’ of reporting season, a subscriber asked Peter and Paul to share their thoughts on artificial intelligence company Appen. After reaching a high of $43.50 one year ago, the stock is now trading at $12.33.
“I’m expecting to see something positive over the next six months, or I might have to revise my view on Appen,” said Peter.
“I think there might be some upside in Appen, it’s one result I’m looking for fairly closely,” Paul added.
The stock has an upside of over 50% according to the consensus broker target price from FNArena.
“I’m sticking with it, Paul. But I’m surprised that as America gets back to ‘more normal’, why Appen hasn’t shown a little bit more improvement,” Peter noted.
Appen will report its half-year results on Thursday August 26. What should investors expect?
“I think you might just get a bit more positive out of Appen this reporting season,” said Paul.
“I wouldn’t dump it before reporting season,” Peter concluded.
Appen (APX)
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