The Latest Analyst Ratings For AvidXchange Holdings
Portfolio Pulse from Benzinga Insights
In the past three months, 6 analysts have provided ratings for AvidXchange Holdings (NASDAQ:AVDX), with a mix of somewhat bullish and indifferent sentiments. The average 12-month price target has decreased by 18.43% to $12.17. Analysts from firms like Wells Fargo, Keefe, Bruyette & Woods, Susquehanna, UBS, Baird, and Barclays have all lowered their price targets.
August 01, 2024 | 5:15 pm
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NEGATIVE IMPACT
AvidXchange Holdings has received mixed analyst ratings over the past three months, with a new average price target of $12.17, down from $14.92. Analysts from major firms have lowered their price targets, reflecting cautious sentiment.
The decrease in the average price target and the lowering of price targets by multiple analysts indicate a cautious outlook on AvidXchange Holdings. This is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100