Susquehanna Maintains Positive on AvidXchange Holdings, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst James Friedman maintains a positive outlook on AvidXchange Holdings (NASDAQ:AVDX), but has lowered the price target from $15 to $11.
November 07, 2023 | 7:28 pm
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NEUTRAL IMPACT
Despite a lowered price target from $15 to $11 by Susquehanna, the outlook for AvidXchange Holdings remains positive.
The lowered price target could potentially lead to a short-term decrease in AVDX's stock price. However, the maintained positive outlook by the analyst suggests that the company's long-term prospects remain strong, which could offset any short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100