Treasure Chest: Appen Downgraded

Treasure Chest | Aug 03 2022

FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts.

In the wake of Appen’s shock trading update and limited visibility, Macquarie has downgraded the stock to Underperform.

By Greg Peel

Whose Idea Is It?

Macquarie

The Subject:

Artificial intelligence technology company Appen ((APX)).

Yesterday, Appen provided a first half trading update and full-year outlook ahead of its official result release later this month. Suffice to say, it was disappointing.


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