DA Davidson has revised its price target for AppFolio (APPF, Financial), decreasing it from $300 to $275 while maintaining a Buy rating on the stock. This adjustment is part of a broader review of estimates across the firm's Software sector coverage. The analyst, Gil Luria, attributes this change to the expectation of a potential slowdown in the U.S. economy, with a base case of one or two quarters of negative GDP anticipated this year.
The revised outlook suggests slower growth rates and has already impacted valuation levels. DA Davidson forecasts a reduction in consumer spending and corporate investments, irrespective of the outcomes related to current tariff policies, at least in the short term. This tempered economic activity is likely to affect the performance of companies in various sectors, including software, thereby influencing investor sentiment and market valuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for AppFolio Inc (APPF, Financial) is $269.42 with a high estimate of $310.00 and a low estimate of $210.00. The average target implies an upside of 18.67% from the current price of $227.04. More detailed estimate data can be found on the AppFolio Inc (APPF) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, AppFolio Inc's (APPF, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AppFolio Inc (APPF, Financial) in one year is $303.62, suggesting a upside of 33.73% from the current price of $227.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AppFolio Inc (APPF) Summary page.
