AppFolio receives Buy rating and $350 price target from DA Davidson analyst.

DA Davidson analyst Gil Luria has initiated coverage of AppFolio (APPF) with a Buy rating and increased the price target to $350. The upgrade follows the company's Q2 performance, which demonstrates sustainable growth. Luria believes AppFolio will continue to acquire new business and expand existing relationships, with a permanent CFO appointment viewed as a positive development. The analyst is optimistic about the company's future prospects.

DA Davidson analyst Gil Luria has initiated coverage of AppFolio (APPF) with a Buy rating and raised the price target to $350. The upgrade comes on the heels of the company's strong Q2 2025 performance, which demonstrated sustainable growth. Luria's optimism is rooted in AppFolio's ability to consistently win new business and expand existing relationships, with the appointment of a permanent CFO, Tim Eaton, viewed as a positive development [3].

In the second quarter of 2025, AppFolio reported revenue of $235.6 million, a 19% increase from the same period last year. Net income rose to $36.0 million, up 21% year-over-year, while earnings per share (EPS) improved to $1.00, a 21% increase from the previous year. These results exceeded analyst expectations, with revenue and EPS beating estimates by 1.9% and 3.6%, respectively [3].

Luria's positive outlook is bolstered by the company's long-term growth prospects, with revenue forecasted to grow at an average rate of 17% per annum over the next three years, compared to the 13% growth forecast for the broader U.S. software industry. The analyst's confidence in AppFolio's future is underscored by its ability to navigate the competitive landscape and capitalize on new opportunities [3].

AppFolio's strong performance and positive outlook have been reflected in its stock price, which has seen a 21% increase in the past week. As the company continues to build on its Q2 results, investors should closely monitor its progress and consider the potential for further growth [3].

References:
[1] https://finance.yahoo.com/news/alphabets-recent-numbers-were-strong-133722997.html
[2] https://moneycheck.com/nvidia-corporation-nvda-stock-googles-ai-explosion-creates-106-billion-opportunity/
[3] https://uk.finance.yahoo.com/news/appfolio-second-quarter-2025-earnings-143701667.html