AppFolio rises as Guggenheim starts with Buy rating

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Shares of property management software firm AppFolio ( APPF ) rose 1.8% in early trading on Thursday as Guggenheim started coverage with a Buy rating and a $232 price target. “We believe the current stock price grossly undervalues the intrinsic value of

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AppFolio's stock price rose 1.8%. Guggenheim's Buy rating and $232 price target announcement boosted the stock price. Investors believe the current stock price undervalues the intrinsic value.

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