Citigroup Maintains Buy on Expensify, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Buy rating on Expensify (NASDAQ:EXFY) but lowers the price target from $5 to $4.
April 23, 2024 | 4:19 pm
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Citigroup maintains a Buy rating on Expensify but lowers the price target from $5 to $4.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100