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Appfolio stock hits all-time high at $283.0

Published 01/08/2025, 14:34
Appfolio stock hits all-time high at $283.0
APPF
1.44%

Appfolio Inc . (NASDAQ:APPF) stock reached an all-time high of $283.0, marking a significant milestone for the company. According to InvestingPro data, the company’s market capitalization now stands at $9.6 billion, with analysts setting price targets ranging from $267 to $350. Over the past year, Appfolio has experienced a notable 26.97% increase in its stock price, reflecting strong investor confidence and positive market performance. The company maintains excellent financial health with an "GREAT" rating from InvestingPro, supported by a robust current ratio of 4.64 and moderate debt levels. This all-time high underscores the company’s growth trajectory and resilience in the competitive software industry, with revenue growing at 22.73% and a healthy gross profit margin of 64%. As Appfolio continues to expand its offerings and strengthen its market position, investors remain optimistic about its future prospects, supported by analysts’ expectations of continued profitability and two recent upward earnings revisions. Get more detailed insights and 14 additional ProTips with InvestingPro.

In other recent news, AppFolio Inc. reported impressive second-quarter results for 2025, surpassing Wall Street expectations. The company achieved earnings per share of $1.38, exceeding the forecasted $1.27, and generated revenue of $236 million, beating the expected $230.1 million. Piper Sandler upgraded AppFolio from Neutral to Overweight, citing growth acceleration as a key factor. The firm also raised its price target significantly to $350.00 from $240.00. This upgrade followed AppFolio’s reported top-line growth acceleration to 19%, up from 16% in the previous quarter. Additionally, AppFolio appointed Tim Eaton (NYSE:ETN) as its permanent Chief Financial Officer, effective July 30. Eaton has been with the company since 2020 and served as Interim CFO since October 2024. These developments reflect the company’s strategic investments in its market approach and product offerings.

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