10 Best Low Beta Tech Stocks to Buy According to Analysts

8. AppFolio Inc. (NASDAQ:APPF)

Beta: 0.89

Potential Upside: 40%

Number of Hedge Fund Holders: 40

AppFolio Inc. (NASDAQ:APPF) specializes in cloud-based software solutions designed primarily for the real estate industry. Its property management platform helps property managers streamline operations, enhance marketing efforts, and scale their businesses efficiently.

With the real estate sector increasingly embracing digital transformation, AppFolio Inc. (NASDAQ:APPF) is well-positioned to benefit from this trend. During its Q4 2024 earnings call on January 31, company management expressed optimism about the October 2024 acquisition of LiveEasy, a home management and services concierge company. This strategic move aims to simplify the moving process while enhancing convenience and cost savings for renters. The company continued its strong growth trajectory, reporting a 19% year-over-year increase in fourth-quarter revenue to $204 million, driven by an expanding customer base and a rise in total units under management.

Following the earnings report, D.A. Davidson analyst Gil Luria reaffirmed his Buy rating on AppFolio Inc. (NASDAQ:APPF). Additionally, an analyst from Stephens & Co. maintained an Overweight rating on the stock, setting a price target of $295.