AppFolio price target raised to $240 from $208 at Piper Sandler

Piper Sandler raised the firm’s price target on AppFolio (APPF) to $240 from $208 on higher estimates, while keeping a Neutral rating on the shares. The firm notes 3P data across the four largest vertical software pure-plays in real estate suggests that AppFolio activity improved during Q2 on an absolute and relative basis.