Is AppFolio, Inc. (NASDAQ:APPF) One of the Best Stocks to Buy For Investment?

AppFolio, Inc. (NASDAQ:APPF) is one of the 11 Best Stocks to Buy for Investment.

As of January 27, AppFolio, Inc. (NASDAQ:APPF) shares have plunged by over 15% over the past year. However, all analysts covering APPF are bullish on the stock with a median price target of $318. This implies a potential upside of over 47%.

Is AppFolio, Inc. (NASDAQ:APPF) One of the Best Stocks to Buy For Investment?

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On December 12, TheFly reported that UBS initiated coverage of AppFolio, Inc. (NASDAQ:APPF) with a Buy rating, setting the price target at $285. Seth Gilbert at UBS believes AppFolio’s channel checks indicate no signs of a spending slowdown or rising competitive pressure, according to TheFly. Gilbert also pointed out that their analysis indicates healthy demand for its core product and incremental traction upselling with APM Plus and Max.

In other news, on January 15, D.A. Davidson reiterated a Buy rating on AppFolio, Inc. (NASDAQ:APPF), keeping the price target at $325. D.A. Davidson’s analyst Clark Wright retains a positive view on APPF following Bilt’s announcement of its 2.0 Credit Cards Program. Bilt 2.0 introduced a revised reward system for cardholders, which comes with a potential churn risk, added Wright. The analyst sees this as a great competitive opportunity for AppFolio to design its own offering that could be a suitable option compared to the competitor.

AppFolio, Inc. (NASDAQ:APPF) is a cloud-based property management software provider. The company, along with its subsidiaries, assists real estate clients from leasing to maintenance and accounting in the U.S.

While we acknowledge the potential of APPF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APPF and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.