Posted 11/15/2023, 6:21:00 PM
AppFolio Soars 96% in 2023 on Strong Technicals and Profit Growth After Analyst Event
- AppFolio stock shot up 96% in 2023 and trades in a buy zone after analyst day under new CEO
- Technicals are strong - stock is in a buy zone and relative strength line near highs
- Hosted analyst day on Tuesday, announced new pricing tier for large enterprises
- Making job cuts to improve profitability - EPS up over 400% last quarter
- Founded in 2006, went public in 2015; provides cloud-based property management software