DA Davidson lowered the firm’s price target on AppFolio (APPF) to $275 from $325 and keeps a Buy rating on the shares. Shares are down afterhours following weaker than expected value added services revenue and a prudent 2026 guide which overshadowed another strong quarter of unit growth and earnings upside, the analyst tells investors in a research note. The company continues to benefit from favorable upmarket new business trends and ramping adoption of resident services and premium subscription tiers however, the firm added.
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