Keefe, Bruyette & Woods Initiates Coverage On AvidXchange Holdings with Market Perform Rating, Announces Price Target of $13.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiates coverage on AvidXchange Holdings (NASDAQ:AVDX) with a Market Perform rating and a price target of $13.5.

April 09, 2024 | 10:27 am
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NEUTRAL IMPACT
AvidXchange Holdings receives a Market Perform rating and a price target of $13.5 from Keefe, Bruyette & Woods.
The initiation of coverage by Keefe, Bruyette & Woods with a Market Perform rating and a specific price target provides investors with a new analytical perspective on AvidXchange Holdings. However, the 'Market Perform' rating suggests that the analyst views the stock as adequately valued at its current price, implying a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100