Loop Capital Downgrades Expensify to Hold, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Yun Kim has downgraded Expensify (NASDAQ:EXFY) from Buy to Hold and lowered the price target from $9 to $6.
August 09, 2023 | 12:27 pm
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Expensify's rating has been downgraded from Buy to Hold by Loop Capital, and its price target has been reduced from $9 to $6.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential for the stock in the near term. The reduction in price target from $9 to $6 indicates a negative revision of the company's future earnings potential. This could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100