Piper Sandler Maintains Overweight on AvidXchange Holdings, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on AvidXchange Holdings (NASDAQ:AVDX) but lowered the price target from $15 to $12.

October 23, 2023 | 6:49 pm
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Piper Sandler has maintained an Overweight rating on AvidXchange Holdings but lowered the price target from $15 to $12.
The lowering of the price target by Piper Sandler from $15 to $12 indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100