Lake Street lowered the firm’s price target on Expensify to $2 from $3.50 and keeps a Buy rating on the shares. While the firm left its previous 2024 and 2025 revenue estimates the same after the company reported Q4 results, it gave “a sizable lift” to its AEBITDA estimates to account for the new cost structure and free cash flow guidance, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXFY:
- Expensify Updates Loan Terms and Engages Investors
- Expensify Simplifies Share Structure, Signals Strategic Shift
- Expensify price target lowered to $6 from $7 at Citi
- SHAREHOLDER ALERT: Potential Recovery for Expensify, Inc. (EXFY) Investors
- Expensify price target raised to $3 from $2 at Piper Sandler
