Morgan Stanley Maintains Equal-Weight on AvidXchange Holdings, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on AvidXchange Holdings (NASDAQ:AVDX) and raises the price target from $9 to $11.
June 12, 2023 | 1:30 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on AvidXchange Holdings and raises the price target from $9 to $11.
The news directly mentions AvidXchange Holdings (NASDAQ:AVDX) and the price target increase by Morgan Stanley. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the market, indicating a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100