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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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