Keefe Bruyette upgraded AppFolio (APPF) to Outperform from Market Perform with a $311 price target The firm said its upgraded is rooted in: the shares have underperformed by 31% since early August, with valuation near the low end of historical multiples; the firm expects the recent and pending launches of several AI and resident services products to accelerate revenue growth above 20%; the firm believes this growth acceleration is underappreciated, and; the company’s mid-November investor day could serve as a catalyst for spotlighting underappreciated growth drivers form AI and resident services.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPF:
- AppFolio upgraded to Outperform from Market Perform at Keefe Bruyette
- Deere upgraded, AST SpaceMobile downgraded: Wall Street’s top analyst calls
- AppFolio’s AI Innovations and Monetization Drive Positive Buy Rating
- AppFolio upgraded to Overweight from Sector Weight at KeyBanc
- AppFolio Secures $150 Million Credit Facility Agreement