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Stock impact report

What Makes AppFolio (APPF) Attractive [Yahoo! Finance]

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Davidson analyst Clark Wright reaffirmed his bullish views on AppFolio Inc. (NASDAQ:APPF), maintaining a Buy rating on the stock. He estimated a price target of $325, implying an upside potential of 48%. Wright's stance follows the announcement of the Bilt 2.0 Credit Cards Program, which offers a revised reward system to cardholders and carries potential churn risk. The analyst believes that this would create a competitive opportunity for AppFolio Inc. (NASDAQ:APPF) to design its own offering that could be a suitable alternative in the market. Wright's target price represents a forward price-to-free cash flow multiple of around 45x, but he sees continued strength in business fundamentals to support his rating. On December 16, KeyBanc also maintained an Overweight rating on AppFolio Inc. (NASDAQ:APPF). The firm forecasted a price target of $270, which leads to an upside of 23%. KeyBanc's rating is also backed by its strong confidence in business fundamentals, characterized by accel Show less Read more
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