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A Quick Look at Today's Ratings for AvidXchange(AVDX.US), With a Forecast Between $9 to $15

Futu News ·  Nov 8 21:00  · Ratings

On Nov 08, major Wall Street analysts update their ratings for $AvidXchange (AVDX.US)$, with price targets ranging from $9 to $15.

Morgan Stanley analyst James Faucette maintains with a hold rating, and maintains the target price at $11.

Goldman Sachs analyst Will Nance maintains with a sell rating, and adjusts the target price from $7 to $9.

J.P. Morgan analyst Tien Tsin Huang maintains with a hold rating, and adjusts the target price from $9 to $10.

UBS analyst Timothy Chiodo maintains with a hold rating, and adjusts the target price from $10 to $10.5.

Wells Fargo analyst Andrew Bauch maintains with a hold rating, and adjusts the target price from $9 to $10.

Furthermore, according to the comprehensive report, the opinions of $AvidXchange (AVDX.US)$'s main analysts recently are as follows:

  • The firm observed AvidXchange's Q3 outcomes as generally stable, albeit with some inconsistencies. The results indicate steady growth and increased monetization of Total Payment Volume. However, due to the diminishing political revenue this year, the near-term growth trajectory is expected to decline.

Here are the latest investment ratings and price targets for $AvidXchange (AVDX.US)$ from 9 analysts:

StockTodayLatestRating_nn_81209241857646_20241108_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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