DA Davidson analyst Gil Luria keeps a Buy rating and $325 price target on AppFolio (APPF) after the company’s Investor Day presentation. While the management stated that it would not be giving long term financial targets at this time, the negative reaction in the stock price was unjustified given the health of the underlying business and strong new business trends, the analyst tells investors in a research note. The fundamentals of the business are unchanged and the company has multiple growth opportunities to monetize the value Appfolio provides customers, the firm added.
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