DA Davidson analyst Gil Luria lowered the firm’s price target on AppFolio (APPF) to $325 from $375 and keeps a Buy rating on the shares. The firm cites the company’s lowered FY25 profitability outlook which incorporates elevated operating expenses from bonus plan over attainment and growth investments, the analyst tells investors in a research note. The margin trajectory has been altered, but the firm’s long term thesis is unchanged as it sees the pullback as a buying opportunity, DA Davidson added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APPF:
- AppFolio’s Strong Growth and Optimistic Outlook Justify Buy Rating Despite Profit Margin Adjustments
- AppFolio Reports Strong Q3 2025 Revenue Growth
- AppFolio Announces Departure of Chief Trust Officer
- AppFolio reports Q3 EPS $1.31, consensus $1.45
- AppFolio raises FY25 revenue view to $945M-$950M from $935M-$945M