AppFolio Soars 12.57% on Upgrades, Strong Q2 Earnings

On August 1, 2025, AppFolio's stock surged by 12.57% in pre-market trading, reflecting a significant boost in investor confidence and market sentiment.

AppFolio's stock rating was upgraded by KBW, which adjusted its price target from $205.00 to $267.00. This upgrade was based on KBW's assessment that AppFolio now presents a more balanced risk-reward profile.

Keefe Bruyette also upgraded AppFolio from Underperform to Market Perform, with a new price target of $267.00. This change in rating indicates a more optimistic outlook on the company's future performance.

Piper Sandler increased its price target for AppFolio from $208.00 to $240.00, maintaining a neutral rating. This adjustment suggests that while the stock may not be undervalued, it still has potential for growth.

AppFolio reported strong Q2 2025 financial results, with earnings of $1.38 per share, surpassing the consensus estimate of $1.28 per share. This performance was driven by a 19% increase in revenue, fueled by the adoption of AI solutions and upgrades to premium tiers.

For the fiscal year 2025, AppFolio expects revenue to range between $935 million and $945 million, with a non-GAAP operating margin of 24.5% to 26.5%. This outlook indicates continued growth and profitability for the company.