UPDATE: Citi Starts Expensify Inc (EXFY) at Buy
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Expensify (EXFY) Receives Positive Coverage From Wall Street After IPO
December 6, 2021 10:26 AM ESTAt least 6 Wall Street analysts started research coverage of Expensify (NASDAQ: EXFY) today after the company went public last month.
Expensify opened at $39.75 on its first trading day after pricing its shares at $27 each. The company fetched a valuation of $3.87 billion at its market debut after selling 9,730,776 shares of its Class A common stock.
Out of 6... More
BofA Securities Starts Expensify Inc (EXFY) at Neutral
December 6, 2021 6:03 AM ESTBofA Securities analyst Koji Ikeda initiates coverage on Expensify Inc (NASDAQ: EXFY) with a Neutral rating and a price target of $45.00.
For an analyst ratings summary and ratings history on Expensify Inc click here. For more ratings news on Expensify Inc click here.
Shares of Expensify Inc closed at $36.90 yesterday.
... MorePiper Sandler Starts Expensify Inc (EXFY) at Overweight
December 6, 2021 4:28 AM ESTPiper Sandler analyst Brent Bracelin initiates coverage on Expensify Inc (NASDAQ: EXFY) with a Overweight rating and a price target of $45.00.
For an analyst ratings summary and ratings history on Expensify Inc click here. For more ratings news on Expensify Inc click here.
Shares of Expensify Inc closed at $35.80 yesterday.
... MoreUPDATE: Loop Capital Starts Expensify Inc (EXFY) at Buy
December 6, 2021 3:44 AM EST(Updated - December 6, 2021 4:12 AM EST)
Loop Capital analyst Yun Kim initiates coverage on Expensify Inc (NASDAQ: EXFY) with a Buy rating and a price target of $45.00.
The analyst comments "We are initiating coverage of Expensify with a Buy rating and $45 PT. In our view, the companys unique, bottom-up, freemium-based customer acquisition model and highly efficient customer support operations provide the foundation for building a successful software business targeting SMBs (small and medium-sized... More
UPDATE: JPMorgan Starts Expensify Inc (EXFY) at Overweight
December 6, 2021 3:39 AM EST(Updated - December 6, 2021 4:08 AM EST)
JPMorgan analyst Sterling Auty initiates coverage on Expensify Inc (NASDAQ: EXFY) with a Overweight rating and a price target of $57.00.
The analyst comments "Expensify is an AI-based expense management platform with a very large total... More
UPDATE: JMP Securities Starts Expensify Inc (EXFY) at Market Outperform
December 6, 2021 2:34 AM EST(Updated - December 6, 2021 4:12 AM EST)
JMP Securities analyst Patrick Walravens initiates coverage on Expensify Inc (NASDAQ: EXFY) with a Market Outperform rating and a price target of $44.00.
The analyst comments "We view Expensify as an excellent opportunity for long-term durable growth and capital appreciation for the following reasons: 1) the company is pursuing a large and mostly greenfield market... More
