‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price

Like
2
Favorite

‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price

MotleyFool2023-02-28

The Appen Ltd (ASX: APX) share price has continued its slide on Tuesday. At the time of writing, the struggling artificial intelligence (AI) data services company’s shares are down 4.5% to $2.25. This...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

kevinwong
·2023-03-10
APX ASX AI stock
Reply
Like
Report
kevinwong
·2023-03-10
Buy time
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2314516735?lang=en_US&edition=fundamental","thumbnail":"https://cdn-dfpai.nitrocdn.com/gJsEsVaCFesDAEYOdjncMdcuJdoeUsXv/assets/images/optimized/rev-26bd993/wp-content/uploads/2021/08/Waiting-at-the-airport-16_9-150x150.jpg","is_english":true,"pubTime":"2023-02-28 10:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2314516735","market":"hk","top_or_hot":-1,"title":"‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price","media":"MotleyFool","content":"<div>\n<p>The Appen Ltd (ASX: APX) share price has continued its slide on Tuesday. At the time of writing, the struggling artificial intelligence (AI) data services company’s shares are down 4.5% to $2.25. This...</p>\n\n<a href=\"https://www.fool.com.au/2023/02/28/still-waiting-for-it-to-appen-broker-gives-its-verdict-on-the-appen-share-price/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Still waiting for it to ‘appen’: Broker gives its verdict on the Appen share price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2023/02/28/still-waiting-for-it-to-appen-broker-gives-its-verdict-on-the-appen-share-price/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Appen Ltd (ASX: APX) share price has continued its slide on Tuesday. At the time of writing, the struggling artificial intelligence (AI) data services company’s shares are down 4.5% to $2.25. This...</p>\n\n<a href=\"https://www.fool.com.au/2023/02/28/still-waiting-for-it-to-appen-broker-gives-its-verdict-on-the-appen-share-price/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AI","symbol_name":"C3.ai, Inc.","start_time":0,"source_url":"https://www.fool.com.au/2023/02/28/still-waiting-for-it-to-appen-broker-gives-its-verdict-on-the-appen-share-price/","article_id":"2314516735","we_media_id":null,"thumbnails":["https://cdn-dfpai.nitrocdn.com/gJsEsVaCFesDAEYOdjncMdcuJdoeUsXv/assets/images/optimized/rev-26bd993/wp-content/uploads/2021/08/Waiting-at-the-airport-16_9-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2314516735","pubTimestamp":1677550012,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The Appen Ltd (ASX: APX) share price has continued its slide on Tuesday. At the time of writing, the","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AI":"C3.ai, Inc.","BK7503":"科技股","BK4551":"寇图资本持仓","BK4023":"应用软件","BK4585":"ETF&股票定投概念","BK4543":"AI","BK4588":"碎股","BK4528":"SaaS概念","BK7061":"信息科技咨询与其它服务","APX.AU":"APPEN LTD","BK4587":"ChatGPT概念"},"translate_title":"“仍在等待它‘阿彭’：经纪商对阿彭股价做出判断","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":1,"APX.AU":1},"content_text":"The Appen Ltd (ASX: APX) share price has continued its slide on Tuesday. At the time of writing, the struggling artificial intelligence (AI) data services company’s shares are down 4.5% to $2.25. This means the Appen share price is now down almost 70% over the last 12 months.  Why is the Appen share price falling? Investors have been hitting the sell button again on Tuesday after brokers responded negatively to the company’s full-year results release from yesterday. One of those brokers was Bell Potter, which has retained its hold rating and cut its price target by 25% to $2.25. This is now in line with where the Appen share price trades following today’s decline. What did the broker say? Bell Potter notes that Appen’s full-year result fell short on the top line but was in line on the bottom line. While the latter was positive, this was then offset by “weak” operating cash flow and its soft guidance. In respect to its guidance, it said: Appen did not provide any formal 2023 guidance. The company did, however, say there has been “a soft start to 2023” and 1H2023 EBITDA is expected to be materially lower than 1H2022. Appen also said it had identified annual cost savings of ~US$10m and the benefits will commence in 2H2023. The company has withdrawn its 2026 targets pending a full strategic review in May. As a result of this, the broker is “still waiting for it to ‘appen” and has downgraded its earnings estimates materially for the coming years. Though, it even appears to believe that those could be challenging to achieve. The broker adds: We have downgraded our underlying EBITDA forecasts in 2023 and 2024 by 53% and 48% which has been driven by an 11% reduction in our revenue forecasts in each period and also lower margin assumptions. We now forecast underlying EBITDA of US$14.7m in 2023 which is an improvement on the US$11.0m in 2022 but this assumes a large earnings skew to the second half.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9949199757,"gmtCreate":1678411751880,"gmtModify":1678411757040,"author":{"id":"4106695856776660","authorId":"4106695856776660","name":"kevinwong","avatar":"https://community-static.tradeup.com/news/44ec0aa40100c7d5f1dea5701add95ec","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4106695856776660","authorIdStr":"4106695856776660"},"htmlText":"APX ASX AI stock","listText":"APX ASX AI stock","text":"APX ASX AI stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949199757","repostId":2314516735,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949199599,"gmtCreate":1678411735212,"gmtModify":1678411738621,"author":{"id":"4106695856776660","authorId":"4106695856776660","name":"kevinwong","avatar":"https://community-static.tradeup.com/news/44ec0aa40100c7d5f1dea5701add95ec","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4106695856776660","authorIdStr":"4106695856776660"},"htmlText":"Buy time","listText":"Buy time","text":"Buy time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949199599","repostId":2314516735,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}