Why AppFolio Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Stephens & Co. analyst John Campbell upgraded AppFolio Inc (NASDAQ:APPF) to Overweight from Equal-Weight and increased the price target to $212 from $184. The analyst is optimistic about the company's leadership change and recent actions to boost margin. He also revised FY23 estimates for revenue and adjusted EPS upwards. APPF shares are up 11.15% at $185.57.
August 21, 2023 | 5:44 pm
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POSITIVE IMPACT
AppFolio Inc (NASDAQ:APPF) has been upgraded to Overweight from Equal-Weight by Stephens & Co. analyst John Campbell, with a raised price target of $212. The company's shares are up 11.15%.
The upgrade by Stephens & Co. analyst John Campbell is a positive signal for investors, indicating confidence in the company's future performance. The raised price target suggests that the analyst expects the stock price to increase, which could attract more investors. The company's shares have already responded positively to the news, with an increase of 11.15%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100