JPMorgan Chase & Co. Issues Pessimistic Forecast for AppFolio (NASDAQ:APPF) Stock Price

AppFolio (NASDAQ:APPF) had its target price cut by JPMorgan Chase & Co. from $330.00 to $300.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 57.99% from the company’s current price.

Several other analysts have also weighed in on APPF. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday. Wells Fargo & Company reiterated a “buy” rating on shares of AppFolio in a research report on Thursday, January 15th. DA Davidson reduced their price objective on shares of AppFolio from $325.00 to $275.00 and set a “buy” rating for the company in a research report on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of AppFolio from $311.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Piper Sandler dropped their target price on shares of AppFolio from $350.00 to $245.00 and set an “overweight” rating on the stock in a report on Friday. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $270.83.

AppFolio Trading Down 8.3%

Shares of NASDAQ:APPF opened at $189.88 on Friday. The company has a 50 day moving average of $227.08 and a 200-day moving average of $249.57. The firm has a market cap of $6.82 billion, a P/E ratio of 48.94 and a beta of 0.78. AppFolio has a twelve month low of $186.45 and a twelve month high of $326.04.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 29th. The software maker reported $1.39 EPS for the quarter, topping the consensus estimate of $1.22 by $0.17. The firm had revenue of $248.19 million for the quarter, compared to analysts’ expectations of $246.56 million. AppFolio had a return on equity of 30.90% and a net margin of 14.82%.The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Equities research analysts forecast that AppFolio will post 3.96 EPS for the current year.

Insider Activity

In other news, General Counsel Evan Pickering sold 334 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $243.67, for a total value of $81,385.78. Following the completion of the sale, the general counsel owned 2,969 shares in the company, valued at $723,456.23. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy Mathias Eaton sold 517 shares of AppFolio stock in a transaction on Monday, November 24th. The shares were sold at an average price of $228.34, for a total value of $118,051.78. Following the transaction, the chief financial officer owned 10,104 shares in the company, valued at $2,307,147.36. This represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,745 shares of company stock worth $2,097,550 over the last 90 days. 4.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On AppFolio

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of AppFolio by 40.1% in the third quarter. Principal Financial Group Inc. now owns 1,166,752 shares of the software maker’s stock worth $321,637,000 after acquiring an additional 333,861 shares during the last quarter. William Blair Investment Management LLC grew its stake in AppFolio by 73.6% in the second quarter. William Blair Investment Management LLC now owns 733,428 shares of the software maker’s stock valued at $168,894,000 after purchasing an additional 310,834 shares in the last quarter. Hudson Way Capital Management LLC acquired a new position in AppFolio in the 3rd quarter worth about $53,367,000. Norges Bank purchased a new stake in shares of AppFolio during the 2nd quarter worth about $34,425,000. Finally, Long Walk Management LP raised its stake in shares of AppFolio by 78.5% during the 2nd quarter. Long Walk Management LP now owns 276,325 shares of the software maker’s stock worth $63,632,000 after purchasing an additional 121,525 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

More AppFolio News

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Q4 results topped expectations — EPS $1.39 vs. $1.22 est., revenue $248.2M vs. $246.6M, and revenue +21.7% YoY. Solid margins and ROE were highlighted in the release. AppFolio Q4 results
• Positive Sentiment: Some investors / analysts view the post‑earnings dip as a buying opportunity: a recent write‑up upgrades APPF to “Buy,” pointing to FY26 guidance implying ~17% revenue growth, margin expansion, and a compressed multiple vs. history. Seeking Alpha upgrade
• Positive Sentiment: Management set FY2026 revenue targets (~$1.10B–$1.12B) and emphasized AI‑driven growth and premium‑tier adoption as drivers — a growth narrative that could support upside if execution accelerates. MSN: FY2026 revenue target
• Neutral Sentiment: Company issued FY2026 guidance (revenue target provided; EPS guidance was unclear in some summaries). Guidance will be the main driver to watch as investors parse growth vs. margin trajectory. AppFolio press release / prepared remarks
• Negative Sentiment: Multiple firms lowered price targets the same day (JPMorgan $330→$300; DA Davidson $325→$275; Piper Sandler $350→$245; Keefe Bruyette & Woods $311→$290). Those cuts (even with continued “buy/overweight” stances) likely pressured the stock by tempering near‑term upside expectations. Analyst price target cuts (Benzinga)
• Negative Sentiment: Market reaction: shares initially slipped after guidance despite the beat, with coverage noting the revenue outlook disappointed some investors — adding selling pressure and higher volume. Investing.com: shares slip after guidance

About AppFolio

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.