AppFolio stock closed slightly lower, but analysts predict growth

From Nasdaq: 2024-11-29 18:00:05

AppFolio (APPF) closed at $253.75, down -0.42% from the previous day, underperforming the S&P 500. The stock has surged 22.59% in the last month, outpacing the sector and S&P 500 gains. Analysts predict an EPS of $0.96 and revenue of $200.01 million for the upcoming quarter, showing growth from last year.

Investors should note recent analyst revisions for AppFolio. Positive revisions indicate confidence in the company’s performance and potential profit. The Zacks Rank system, with a track record of success, currently rates AppFolio as a #2 (Buy). The stock’s Forward P/E ratio of 57.73 is higher than the industry average.

The Internet – Software industry, part of the Computer and Technology sector, has a strong Zacks Industry Rank of 39. Industries in the top 50% outperform the bottom half by 2 to 1. The industry’s outlook suggests potential growth opportunities. Explore more metrics on Zacks.com for detailed analysis and insights.

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Read more at Nasdaq: AppFolio (APPF) Stock Declines While Market Improves: Some Information for Investors