** Shares of payments app Expensify EXFY.O fall as much as 7.8%; last down 6.6% at $3.18
** Citizens JMP Securities downgrades EXFY to "market perform" from "market outperform" after the company exceeds brokerage's prior $3.25 price target
** Brokerage says when it had upgraded the stock after Q2 2024 results, it cited a variety of tactical reasons, many of which have played out
** Adds that given the move in the stock, EXFY needs to return to growth for the story to continue working
** Substantial discounts to its peer group justified by EXFY's slower relative growth in a difficult macro environment — JMP Securities
** Two of five brokerages rate the stock "buy" or higher and three "hold"; median PT $3 — LSEG
** As of last close, EXFY shares up 37.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。