Barclays Maintains Overweight Rating for AvidXchange Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for AvidXchange Holdings (NASDAQ:AVDX) and raised its price target from $11.00 to $13.00. AvidXchange is a provider of AP automation software and payment solutions for middle-market businesses.
June 05, 2023 | 5:00 pm
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Barclays maintains Overweight rating for AvidXchange Holdings (NASDAQ:AVDX) and raises price target from $11.00 to $13.00, a potential 20.31% increase.
Barclays' decision to maintain its Overweight rating and raise the price target for AvidXchange Holdings indicates a positive outlook for the company's stock. This news is likely to have a positive short-term impact on AVDX's stock price, as it suggests that the company is expected to outperform the market. The potential 20.31% increase in the share price also highlights the growth potential for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100