Lake Street raised the firm’s price target on Expensify (EXFY) to $3 from $2 and keeps a Buy rating on the shares. With the company doing an “excellent job” of managing its cost structure, and with the Expensify Card adding a new revenue stream, the firm expects the company’s cash generating ability to improve in 2025, the analyst tells investors in a post-earnings note.
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Read More on EXFY:
- Expensify, Inc. Reports Promising Q3 2024 Results
- Expensify’s Q3 2024 Shows Strong Financial Growth
- Expensify reports Q3 EPS (2c), consensus 6c
- Expensify pays down all debt, announces share repurchase
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