Piper Sandler lowered the firm’s price target on AppFolio (APPF) to $210 from $245 to reflect the multiple derating in the software space, while keeping an Overweight rating on the shares. The firm notes the company posted solid Q1 results, underscored by healthy unit growth, stronger-than-expected customer additions, stable subscription ARPU growth, and value added services outperformance.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPF: