DA Davidson analyst Gil Luria assumed coverage of AppFolio (APPF) with a Buy rating with a price target of $350, up from $275. The company’s Q2 results support the firm’s perspective that AppFolio can deliver efficient growth over the long term by consistently winning new business and expanding with customers over time, the analyst tells investors in a research note. AppFolio naming a permanent CFO is also a positive move, the firm added.
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