AppFolio price target raised to $275 from $264 at KeyBanc

KeyBanc raised the firm’s price target on AppFolio to $275 from $264 and keeps an Overweight rating on the shares. AppFolio posted solid Q1 results, beating revenue and operating income expectations by $8.7M and $9M, respectively, the analyst tells investors in a research note. The firm continues to view AppFolio’s move up-market, ARPU expansion efforts and efficient growth positively.