Wells Fargo Maintains Equal-Weight on AvidXchange Holdings, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has maintained an Equal-Weight rating on AvidXchange Holdings (NASDAQ:AVDX) but has lowered the price target from $10 to $9.
October 21, 2024 | 3:10 pm
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Wells Fargo has maintained its Equal-Weight rating on AvidXchange Holdings but reduced the price target from $10 to $9, indicating a slightly less optimistic outlook.
The reduction in price target from $10 to $9 by Wells Fargo suggests a less optimistic view on AvidXchange Holdings' short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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