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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPF:
- AppFolio Highlights Future Strategy at Investor Meeting
- Private Markets: Anthropic projects $70B in revenue in 2028
- AppFolio price target lowered to $270 from $285 at KeyBanc
- AppFolio price target lowered to $325 from $375 at DA Davidson
- AppFolio’s Strong Growth and Optimistic Outlook Justify Buy Rating Despite Profit Margin Adjustments