AppFolio price target raised to $250 from $240 at DA Davidson

DA Davidson raised the firm’s price target on AppFolio to “Street-high” $250 from $240 and keeps a Buy rating on the shares. AppFolio may pursue new growth drivers with its best-in-class platform and user interface, the analyst tells investors in a research note. The company’s opportunities include the previously discussed commercial and international markets, though there is also incremental opportunity to monetize property owners after a significant refresh to the Owner platform, the firm added.