Expensify jumps after Q2 profit beat

Expensify

07/08/2026 13:13

** Spend management platform Expensify's EXFY.O shares jump 6.6% to $2.11 premarket
** EXFY late Thursday posted quarterly profit above Street expectations for the second straight quarter
** Citizens JMP Securities upgrades EXFY to "market outperform" from "Market perform" with a $3 PT, which represents 51.5% upside to last close
** EXFY is set up to return to growth over the next 12 months after shrinking for 13 straight quarter, Citizens analyst Aaron Kimson says
** "We think that any return to growth will cause the stock to re-rate," he added
** One of three brokerages rate the stock "buy" and two "hold"; median PT $2.50 - data compiled by LSEG
** As of last close, EXFY stock up 31.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))