Keefe Bruyette upgraded AppFolio (APPF) to Market Perform from Underperform with a price target of $267, up from $205. The firm sees a more balanced risk-reward and believes that downside catalysts for the stock are lacking following negative consensus revisions and a 10% year-to-date underperformance vs. the company’s software peers,the analyst tells investors in a research note. Keefe adds that it expects Q2 revenue growth to reaccelerate following five quarters of deceleration as VAS average revenue per user growth benefits from the lapping of the April 2024 credit card fee reduction and a recent 15% price increase for screening products.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPF:
- AppFolio upgraded to Market Perform from Underperform at Keefe Bruyette
- AppFolio management to meet with DA Davidson
- AppFolio price target raised to $240 from $208 at Piper Sandler
- AppFolio Holds 2025 Annual Stockholders Meeting
- Insiders Pour Millions into These 2 Stocks — Here’s Why You Should Pay Attention