KeyBanc upgraded AppFolio (APPF) to Overweight from Sector Weight with a $285 price target after attending the company’s annual Future user conference. The firm notes that its conversations with customers are renewing its confidence that the company is seeing momentum in both net new and expansions on Plus and Max, the analyst tells investors in a research note. KeyBanc adds that it has a better understanding of the attractive and total addressable market expansive opportunities in monetizing the resident experience by AppFolio.
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