Goldman Sachs Maintains Neutral on AvidXchange Holdings, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a Neutral rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $8.5 to $12.

June 02, 2023 | 12:42 pm
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Goldman Sachs maintains a Neutral rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $8.5 to $12.
Goldman Sachs' decision to maintain a Neutral rating on AvidXchange Holdings indicates that they do not expect significant short-term price movement. However, the raised price target from $8.5 to $12 suggests a positive outlook for the stock in the longer term. The news is important for investors as it comes from a reputable financial institution, but the short-term impact is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100