AppFolio Inc (NASDAQ: APPF) stock closed at $230.95 on 7/26/24 after a major decline of -10.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 238% of normal. The stock has declined -12.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
APPF is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 15 but a very high Power Rating of 85, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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