Discuss Appfolio Inc

Hey there! So, I've been keeping an eye on AppFolio, and I've got to say, it's been on quite a rollercoaster lately. The stock's jumped about 34% in the past couple of months, which is pretty exciting, right? But here's the thing - it might be getting a bit ahead of itself. Look, AppFolio's got some great growth prospects. They're expecting to boost profits by 34% over the next couple of years, which is nothing to sneeze at. It's like they've got rocket fuel in their tanks! But here's the kicker - even with all that potential, our valuation models are suggesting the stock is overvalued by about 32%. It's trading at $258, but the intrinsic value is more like $194.48. It's kind of like buying a designer handbag at full price when you know it'll be on sale next week. Sure, it's a great product, but why pay more than you need to? The options market is also hinting at some potential volatility ahead. It's like the market is holding its breath, waiting for something big to happen. So, while I love AppFolio's growth story, I'm thinking it might be time to take some profits off the table. The price has outrun the value for now, and it might be smart to wait for a better entry point. Remember, in investing, patience is often rewarded. What do you think?