Notable Runner: AppFolio Inc’s Stock Is Buy After Reaching All Time High

Notable Runner: AppFolio Inc's Stock Is Buy After Reaching All Time High

The stock of AppFolio Inc (NASDAQ:APPF) reached all time high today, Nov, 14 and still has $29.32 target or 37.00% above today’s $21.40 share price. This indicates more upside for the $805.30 million company. This technical setup was reported by If the $29.32 PT is reached, the company will be worth $297.96 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 27,807 shares traded hands or 56.55% up from the average. AppFolio Inc (NASDAQ:APPF) has risen 77.85% since April 12, 2016 and is uptrending. It has outperformed by 72.87% the S&P500.

AppFolio Inc (NASDAQ:APPF) Ratings Coverage

Out of 4 analysts covering AppFolio Inc (NASDAQ:APPF), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. AppFolio Inc has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of AppFolio Inc (NASDAQ:APPF) earned “Sector Weight” rating by Pacific Crest on Tuesday, July 21. William Blair initiated AppFolio Inc (NASDAQ:APPF) on Tuesday, July 21 with “Outperform” rating. As per Tuesday, July 21, the company rating was initiated by Credit Suisse. The company was initiated on Tuesday, July 21 by Morgan Stanley. The firm earned “Equal-Weight” rating on Friday, May 13 by Morgan Stanley. As per Tuesday, February 23, the company rating was maintained by Credit Suisse.

According to Zacks Investment Research, “AppFolio, Inc. offers cloud-based software solutions for property management and legal industries. It offers AppFolio Property Manager, a solution for the property managers including activities of posting and tracking tenant vacancies, handling the entire leasing process electronically, administering maintenance and repairs with their vendor networks, managing accounting and reporting to property owners. MyCase solution for practitioners and small law firms, providing time tracking, billing and payments, client communication, coordination with other lawyers and support staff, legal document management and assembly and general office administration services. Value+ services include Websites and electronic payment services. AppFolio, Inc. is headquartered Goleta, California.”

More recent AppFolio Inc (NASDAQ:APPF) news were published by: which released: “AppFolio Inc. NASDAQ: APPF” on May 21, 2015. Also published the news titled: “AppFolio, Inc. Announces Third Quarter Financial Results” on November 07, 2016.‘s news article titled: “AppFolio Inc. APPF (US: Nasdaq)” with publication date: June 20, 2015 was also an interesting one.

APPF Company Profile

AppFolio, Inc., incorporated on October 22, 2006, is a well-known provider of industry-specific, cloud software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs, enabling them to manage properties in a single, integrated environment. The Company’s legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load within a flexible system. The Firm also offers Value+ services, such as its professionally designed Websites and electronic payment services. The Company’s property manager clients include third-party managers and owner-operators, managing single- and multi-family residences, commercial property and student housing, as well as mixed real estate portfolios. The Company’s property manager clients typically manage portfolios ranging from 20 to 3,000 units.

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