Fly News Breaks for July 16, 2019
Jul 16, 2019 | 07:21 EDT
KeyBanc analyst Jason Celino resumed coverage of AppFolio with a Sector Weight rating as positive investor sentiment appears reflected in the premium valuation. With the company continuing to add more solutions to its offerings, and if AppFolio can maintain 20% plus unit growth in property management, the analyst could see mid- to upper-20% growth be sustainable over the next 3-4 years, though a step up in investments for new solutions is leading to more limited margin expansion opportunities.
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