Lake Street raised the firm’s price target on Expensify (EXFY) to $5 from $3 and keeps a Buy rating on the shares. Expensify “closed out 2024 on a positive note,” with both revenue and AEBITDA coming in ahead of expectations, the analyst tells investors. The firm expects 2025 will be “another year of solid cash generation” and sees “a solid growth engine from card revenue,” the analyst added.
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Read More on EXFY:
- Expensify’s Hold Rating: Balancing Growth Potential with Market Challenges
- Expensify Reports Strong Q4 and FY 2024 Results
- Expensify Announces New $50 Million Share Buyback
- Expensify sees FY25 free cash flow $16M-$20M vs. $23.9M in FY24
- Expensify reports Q4 adjusted EBITDA $12.4M vs. $5.9M last year