B of A Securities Maintains Underperform on AvidXchange Holdings, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained an 'Underperform' rating on AvidXchange Holdings and lowered its price target from $12 to $8.
October 15, 2024 | 5:35 pm
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NEGATIVE IMPACT
B of A Securities has maintained an 'Underperform' rating on AvidXchange Holdings and lowered its price target from $12 to $8, indicating a negative outlook.
The 'Underperform' rating suggests that AvidXchange Holdings is expected to perform worse than the market or its peers. The reduction in the price target from $12 to $8 indicates a significant decrease in the expected value of the stock, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100