BMO Capital Maintains Market Perform on AvidXchange Holdings, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone has maintained a 'Market Perform' rating on AvidXchange Holdings (NASDAQ:AVDX) and increased the price target from $11 to $13.

February 29, 2024 | 12:59 pm
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POSITIVE IMPACT
BMO Capital has maintained its 'Market Perform' rating on AvidXchange Holdings and raised the price target from $11 to $13.
The increase in price target by BMO Capital suggests a positive outlook on the company's future performance. This could lead to increased investor confidence and potentially a short-term increase in the stock price. The 'Market Perform' rating indicates that the stock is expected to perform in line with the market, but the raised target price signals an expectation of growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90