It Seems AppFolio, Inc. (APPF) Will Go Up. Just Reaches All Time High

May 16, 2018 - By Marry Poplack

AppFolio, Inc. (NASDAQ:APPF) Logo

The stock of AppFolio, Inc. (NASDAQ:APPF) reached all time high today, May, 16 and still has $62.38 target or 7.00 % above today’s $58.30 share price. This indicates more upside for the $1.99B company. This technical setup was reported by Barchart.com. If the $62.38 PT is reached, the company will be worth $139.44M 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.

The stock increased 2.19% or $1.25 during the last trading session, reaching $58.3. About 164,556 shares traded or 26.11% up from the average. AppFolio, Inc. (NASDAQ:APPF) has risen 52.12% since May 16, 2017 and is uptrending. It has outperformed by 40.57% the S&P500.

Analysts await AppFolio, Inc. (NASDAQ:APPF) to report earnings on August, 6. They expect $0.13 earnings per share, up 62.50 % or $0.05 from last year’s $0.08 per share. APPF’s profit will be $4.44M for 112.12 P/E if the $0.13 EPS becomes a reality. After $0.12 actual earnings per share reported by AppFolio, Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

More important recent AppFolio, Inc. (NASDAQ:APPF) news were published by: Globenewswire.com which released: “AppFolio, Inc. Announces First Quarter 2018 Financial Results” on April 30, 2018, also Nasdaq.com published article titled: “1 Hot Small-Cap Stock to Buy in May”, Nasdaq.com published: “AppFolio Named One Of Highest-Rated Public Cloud Computing Companies To Work For” on May 09, 2018. More interesting news about AppFolio, Inc. (NASDAQ:APPF) was released by: Nasdaq.com and their article: “Why AppFolio, Inc. Stock Climbed 17.4% in April” with publication date: May 11, 2018.

AppFolio, Inc. provides industry-specific cloud software solutions for small and medium-sized businesses in property management and legal industries. The company has market cap of $1.99 billion. It offers AppFolio Property Manager, a solution for the operational requirements of small and medium-sized property managers, including posting and tracking tenant vacancies, handling the leasing process electronically, administering maintenance and repairs with their vendor networks, and managing accounting and reporting to property owners, as well as for communicating with tenants and owners. It has a 208.21 P/E ratio. The firm also provides MyCase, a practice and case management solution that provides time tracking, billing, calendaring, client communication, and coordination with other lawyers and support staff, and legal document management and assembly for practitioners and small law firms.

AppFolio, Inc. (NASDAQ:APPF) Ratings Chart

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