AppFolio Inc. (APPF) has disclosed a new risk, in the Taxation & Government Incentives category.
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AppFolio Inc. faces significant business risk as its tax filings come under the scrutiny of various jurisdictions. The possibility of the company’s tax positions being challenged by authorities poses a threat to its financial stability and operating results. An adverse outcome from such disputes could lead not only to financial strain but also divert management’s focus from core operations, potentially impairing AppFolio’s performance. The cost and management distraction associated with defending tax positions could further compound the company’s challenges.
The average APPF stock price target is $234.20, implying 2.82% upside potential.
To learn more about AppFolio Inc.’s risk factors, click here.