JMP Securities analyst Aaron Kimson downgraded Expensify (EXFY) to Market Perform from Outperform without a price target The firm says its thesis has played out. The stock has increased 38% year-to-date, including a move of 94% since the open on August 9, the analyst tells investors in a research note. JMP sees the shares as fairly valued at current levels and awaits strategic progress from Expensify.
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Read More on EXFY:
- Expensify management to meet with JMP Securitiess
- Expensify price target raised to $3.25 from $2.50 at JMP Securities
- Expensify price target raised to $3 from $2 at Lake Street
- Expensify, Inc. Reports Promising Q3 2024 Results
- Expensify’s Q3 2024 Shows Strong Financial Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
