AppFolio Inc (NASDAQ: APPF) stock enjoyed a major increase of 12.0% on 4/26/24. The shares closed at $242.75. Moreover, this advance was accompanied by exceptionally high trading volume at 224% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 14.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APPF is expected to continue to be a major Value Builder.
AppFolio has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AppFolio has a very low Appreciation Score of 11 but a very high Power Rating of 89, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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