DA Davidson Raises Target on AppFolio (APPF) After Strong Earnings and AI Innovations

AppFolio, Inc. (NASDAQ:APPF) is one of the best growth stocks to buy according to analysts. On August 6, DA Davidson maintained its Buy rating on AppFolio, Inc. (NASDAQ:APPF), while increasing its price target from $350 to $375. That represents a whopping 41.3% implied upside according to DA Davidson.DA Davidson Raises Target on AppFolio (APPF) After Strong Earnings and AI Innovations

The firm’s analysts met with the company’s VP of Finance, Bill Schroeder, post which DA Davidson seemed confident about AppFolio’s ability to monetize the value it provides to residents and property managers through its apps and websites.

The firm thinks that AppFolio will be able to capture even more market share through product innovation, pricing and packaging. In 2025, the company is pioneering AI-powered solutions that empower teams to work smarter and build stronger communications. With leasing becoming more complicated, the company launched AppFolio Leasing CRM on May 30, 2025. This is helping streamline the leasing process and improve team communication for property managers.

Earlier this month, the stock galloped over 20% after it reported earnings on July 31. AppFolio reported a revenue of $235.57, growing 19.3% year-over-year, while beating estimates. It surprised Wall Street by reporting an EPS of $1.38 per share, which is 7.5% more than the analysts’ estimates of $1.28 per share.

While we acknowledge the potential of APPF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.

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