AppFolio price target raised to $280 from $241 at Stephens

Stephens raised the firm’s price target on AppFolio to $280 from $241 and keeps an Overweight rating on the shares. AppFolio continues to deliver impressive results in its “newfound journey” down the path of profitable growth, the analyst tells investors in a research note. The firm noted that the company has meaningfully turned around the profit side of the story, and believes that this profit turnaround has been driven by topline strength and revenue mix.