Appen (APX.AX ASX) +10.70% to A$1.19 pre-market 24 Jan 2026: AI demand watch

APX.AX stock opened pre-market on 24 Jan 2026 up 10.70% at A$1.19, driven by heavy volume and renewed interest in AI data services. Appen Limited (APX.AX) reported a strong volume spike of 6,395,427 shares versus an average of 3,077,709, signalling institutional or algorithmic flows. We review valuation, technical momentum, Meyka AI forecasts and realistic price targets to set a clear short-term view for ASX investors.