Morgan Stanley downgrades Expensify to 'underweight' with a price target of $5.00

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Morgan Stanley downgrades Expensify to 'underweight' with a price target of $5.00

An analyst from Morgan Stanley downgraded Expensify (NASDAQ: EXFY ) from 'equalweight' to 'underweight' with a price target of $5.00 from a prior price target of %currency%%price%.

Prior to this rating, Expensify had 5 buy ratings, 3 hold ratings, and 0 sell ratings.

For consensus analyst estimates and price targets on Expensify, click here. For more news on Expensify, click here.

Expensify's stock price closed at $7.17. They are up 22.35% in the last month and down -59.22% in the last 12 months.

According to Investing Pro, Expensify's fair value is $8.59, an upside of 19.82%. Expensify's fair value comes with a high degree of uncertainty, according to InvestingPro.

Check out Expensify's recent earnings performance and financials here.

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