What's Going On With AvidXchange Stock Monday?
What's Going On With AvidXchange Stock Monday?
AvidXchange Holdings, Inc (NASDAQ:AVDX) shares are trading lower after Goldman Sachs analyst Will Nance downgraded the stock from Neutral to Sell and lowered its price target from $13 to $11.50.
在高盛分析師威爾·南斯將股票評級從中性下調至賣出並將其目標股價從13美元下調至11.50美元之後，AvidXChange Holdings, Inc（納斯達克股票代碼：AVDX）股價走低。
The analyst said the downgrade is attributed to the stock's significant price increase of approximately 31% since the third-quarter earnings report, which led to a perceived negative risk-reward balance.
該分析師表示，評級下調歸因於該股自第三季度業績發佈以來大幅上漲了約31％，這導致風險回報餘額被認爲爲負數。
Despite recognizing AVDX as a leader in B2B payment digitization for mid-market companies, Nance expressed concern over the stock trading roughly in line or above its higher growth competitor, BILL Holdings, Inc (NYSE:BILL), coupled with aggressive Street estimates expecting an acceleration in underlying growth rates.
儘管承認AVDX是中端市場公司B2B支付數字化的領導者，但Nance對股票交易大致持平或高於其高增長競爭對手BILL Holdings, Inc（紐約證券交易所代碼：BILL）表示擔憂，華爾街激進估計基礎增長率將加速。
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The analyst noted that AVDX's recent revenue growth has been buoyed by substantial interest rate increases and contributions from its political advertising vertical, which will likely diminish in 2025.
該分析師指出，AVDX最近的收入增長受到利率大幅上調和其政治廣告垂直領域的捐款的推動，而政治廣告在2025年可能會減少。
Nance suggests that while B2B payments may see better volume trends, achieving current Street estimates would require this improvement. The analyst prefers BILL for exposure to potential market re-acceleration, citing limited upside to AVDX's revenue trends over the next year and potential for multiple compression if revenue growth disappoints in 2025.
Nance認爲，儘管B2B支付的交易量趨勢可能會有所改善，但要實現華爾街目前的估計，就需要這種改進。這位分析師更喜歡BILL來應對潛在的市場再加速，理由是AVDX明年的收入趨勢的上行空間有限，如果2025年收入增長令人失望，則可能出現多次壓縮。
The analysis highlights concerns over AVDX's underlying revenue trends, which have needed to be stronger than headline figures suggest due to the offsetting effect of interest income from customer funds.
該分析凸顯了對AVDX潛在收入趨勢的擔憂，由於客戶資金利息收入的抵消作用，這種擔憂必須比總體數據所顯示的要強得多。
Street estimates for 2025 appear aggressive, assuming an inflection in growth and monetization beyond what is considered realistic, given the current transaction growth deceleration and stable take rates, as per the analyst. Furthermore, the valuation risk/reward is viewed negatively compared to BILL, as AVDX trades at a similar or premium valuation despite lower customer growth and monetization potential.
根據分析師的說法，鑑於當前交易增長減速和穩定的收取率，假設增長和貨幣化的變化超出了人們認爲的現實水平，華爾街對2025年的估計似乎很激進。此外，與BILL相比，估值風險/回報被視爲負面，因爲儘管客戶增長和獲利潛力較低，但AVDX的交易估值相似或溢價。
Price Action: AVDX shares traded lower by 3.39% at $11.25 on the last check Monday.
價格走勢：在週一的最後一次支票中，AVDX股價下跌3.39％，至11.25美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明： 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo: Lukas from Pixabay
照片：來自 Pixabay 的盧卡斯
譯文內容由第三人軟體翻譯。