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.
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IMPORTANCE 80
RELEVANCE 100