AppFolio price target raised to $375 from $350 at DA Davidson

DA Davidson raised the firm’s price target on AppFolio (APPF) to $375 from $350 and keeps a Buy rating on the shares. After meeting the company’s VP of Finance, Bill Schroeder, the firm has come away with increased confidence in Appfolio’s ability to monetize the value it’s providing residents and property managers with potential for incremental capture through product innovation and pricing and packaging, the analyst tells investors in a research note.