Goldman Sachs Downgrades AvidXchange Holdings to Sell, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance downgraded AvidXchange Holdings (AVDX) from Neutral to Sell and reduced the price target from $13 to $11.5.
April 15, 2024 | 9:24 am
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NEGATIVE IMPACT
Goldman Sachs downgraded AvidXchange Holdings to Sell and lowered the price target to $11.5.
The downgrade by Goldman Sachs from Neutral to Sell, accompanied by a reduction in the price target, suggests a bearish outlook on AVDX's stock. This is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100