AppFolio: Further Multiples Compression Is Likely, Though Accelerating Growth Is A Plus (Upgrade)

Core Insights - A significant downturn is occurring for growth stocks, with Q3 earnings season acting as a negative catalyst for many companies [1] Group 1: Market Conditions - The current market environment is characterized by a risk-off sentiment, leading to caution among investors [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies and advising startups, providing insights into current industry trends [1]