DA Davidson Reiterates Buy Rating on AppFolio (APPF)
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Rating Summary:
10 Buy, 2 Hold, 1 Sell
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DA Davidson analyst Peter Heckmann reiterated a Buy rating and $300.00 price target on AppFolio (NASDAQ: APPF).
The analyst comments "Catalyst favors upmarket growth aims. All considered, we believe San Francisco's ban is a net positive for AppFolio and Entrata, given each represents a strong alternative to whom directly-impacted San Francisco property managers can switch. AppFolio has an opportune moment to win business from large accounts who might otherwise not have considered switching from RealPage or Yardi."
For an analyst ratings summary and ratings history on AppFolio click here. For more ratings news on AppFolio click here.
Shares of AppFolio closed at $219.70 yesterday.
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