Piper Sandler lowered the firm’s price target on AppFolio (APPF) to $245 from $350 and keeps an Overweight rating on the shares. The firm notes shares sold off about 12% after hours on initial 2026 top-line implied growth guidance of 16.7% at the midpoint that came in below Street expectations of 18.5%. While Piper understands investor frustration with the lack of targets/frameworks provided to increase visibility into the business, it believes the selloff is overdone.
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Read More on APPF:
- AppFolio price target lowered to $290 from $311 at Keefe Bruyette
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- AppFolio price target lowered to $260 from $285 at UBS
- AppFolio reports Q4 EPS $1.39, consensus $1.25
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