In a report released today, Brian Essex from Morgan Stanley maintained a Sell rating on AppFolio (APPF), with a price target of $61. The company’s shares closed on Friday at $65.72.
According to TipRanks.com, Essex is a 4-star analyst with an average return of 8.5% and a 69.4% success rate. Essex covers the Technology sector, focusing on stocks such as Q2 Holdings Inc, Instructure Inc, and Pluralsight Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for AppFolio with a $62 average price target.
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AppFolio’s market cap is currently $2.25B and has a P/E ratio of 117.36. The company has a Price to Book ratio of 20.76.
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AppFolio, Inc. engages in the provision of cloud-based software solutions. It caters small and medium-sized businesses in the property management and legal industries. Its products consists of AppFolio Proeprty, MyCase, and AppFolio Business System.
