Stock Track | AppFolio Plunges 11.16% in Pre-Market on Earnings Miss, Weak Guidance and Analyst Price Target Cuts

Stock Track
01/30

AppFolio's stock experienced a significant pre-market plunge of 11.16% on Friday, following disappointing financial results and a wave of analyst price target reductions.

The property management software provider reported quarterly earnings that fell short of analyst expectations and issued revenue guidance for the coming fiscal year that came in below consensus estimates, disappointing investors and triggering the sell-off.

Multiple Wall Street firms responded by cutting their price targets on AppFolio shares, including Piper Sandler (to $245 from $350), D.A. Davidson (to $275 from $325), JP Morgan (to $300 from $330), Keefe Bruyette & Woods (to $290 from $311), and KBW (to $290 from $311), reflecting concerns about the company's near-term prospects.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10