Piper Sandler has updated its price target for AppFolio (APPF, Financial), raising it from $208 to $240. Despite this increase, the firm maintains a Neutral rating on the stock. The decision comes after analyzing data from the four largest vertical software pure-plays in real estate, which indicates that AppFolio's performance saw gains in both absolute and relative terms during the second quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for AppFolio Inc (APPF, Financial) is $226.67 with a high estimate of $275.00 and a low estimate of $186.69. The average target implies an downside of 9.33% from the current price of $250.00. More detailed estimate data can be found on the AppFolio Inc (APPF) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, AppFolio Inc's (APPF, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AppFolio Inc (APPF, Financial) in one year is $310.98, suggesting a upside of 24.39% from the current price of $250. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AppFolio Inc (APPF) Summary page.
