Credit Suisse Maintains Outperform on AvidXchange Holdings, Raises Price Target to $12.5
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Timothy Chiodo maintains an Outperform rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $11 to $12.5.
June 02, 2023 | 11:44 am
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Credit Suisse maintains an Outperform rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $11 to $12.5.
The news of Credit Suisse maintaining an Outperform rating and raising the price target for AvidXchange Holdings (AVDX) is positive for the stock. This indicates that the analyst believes the company will outperform the market, and the higher price target suggests an expected increase in the stock price. This is likely to have a positive short-term impact on AVDX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100