AppFolio price target raised to $155 from $141 at KeyBanc

KeyBanc analyst Jason Celino raised the firm’s price target on AppFolio to $155 from $141 and keeps an Overweight rating on the shares. AppFolio posted better Q1 revenue and in-line operating margin, while 2023 revenue guidance was raised to roughly 22% growth, in line with expectations, while operating margin guidance was boosted to about 1.5%, ahead of consensus of 0.2%, the analyst tells investors in a research note.