Lake Street analyst Eric Martinuzzi lowered the firm’s price target on Expensify to $7 from $10 and keeps a Buy rating on the shares. The firm’s revised estimates reflect a “more-conservative outlook” after the company’s Q2 revenue disappointed, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EXFY: