Barclays Maintains Overweight on AvidXchange Holdings, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal maintains an Overweight rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $11 to $13.

June 05, 2023 | 9:16 am
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Barclays maintains an Overweight rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $11 to $13.
The news of Barclays maintaining an Overweight rating on AvidXchange Holdings and raising the price target from $11 to $13 is positive for the stock. This indicates that the analyst believes the stock has potential for further growth and is likely to outperform the market. As a result, this news may lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100