KeyBanc Reiterates Overweight Rating on AppFolio (APPF)

KeyBanc analyst Jason Celino reiterated an Overweight rating and $300.00 price target on AppFolio (NASDAQ: APPF).

The analyst commented, "We approach 3Q earnings looking for a strong 3Q beat, and are modestly raising our estimates to reflect potential upside from debit-card electronic payments mix. That said, the Company's well telegraphed 4Q and 2025 deceleration (from the lapping of ACH revenue tailwinds) remains top of mind for investors. As a result, we would be most focused on the up-market initiatives, ARPU expansion efforts, and potential recovery in new unit growth from further interest rate cuts. Net, we see a favorable risk-reward heading into the earnings print."

For an analyst ratings summary and ratings history on AppFolio click here. For more ratings news on AppFolio click here.

Shares of AppFolio closed at $201.61 yesterday.

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