Business
Should you buy the Appen (ASX:APX) share price dip?
The Appen Ltd (ASX: APX) share price has struggled on all fronts of late. Not only has it underperformed the S&P/ASX 200 Index (ASX: XJO) in recent weeks, but it’s also been subject to the rotation away from tech shares into cyclicals, and delivered an earnings downgrade.
Could the recent weakness in the Appen share price be a buying opportunity? Here’s what Citigroup Inc (NYSE: C) is thinking.
What’s been impacting the Appen share price?
Appen previously advised the market back in April that the pandemic may dampen its 2020 performance. This was expected to play out through a slowdown in digital ad spending, a reduction in IT/digital spending, the reduction or cancellation of services from Appen’s smallest customers,…
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