KeyBanc lowered the firm’s price target on AppFolio (APPF) to $255 from $270 to reflect the recent pullback in software valuations, while keeping an Overweight rating on the shares. The firm notes AppFolio reported good Q4 results, with revenue accelerating for a third straight quarter to 21.9% year-over-year and units accelerating a second straight quarter to 8%. That said, initial 2026 revenue growth guide of 16.7% was softer than the Street.
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Read More on APPF:
- AppFolio price target lowered to $245 from $350 at Piper Sandler
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- AppFolio: Margin Upside and AI-Driven Efficiency Make Share Price Pullback a Buy Opportunity
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