Compass Point Upgrades AvidXChange Holdings (AVDX) to Buy

Compass Point analyst Dominick Gabriele upgraded AvidXChange Holdings (NASDAQ: AVDX) from Neutral to Buy with a price target of $15.00 (from $8.00).

The analyst commented: "We are upgrading AVDX to Buy from Neutral with a $15 price target based on 5.5x our STM revenue of $556M representing 55% upside while rolling out our 2026FYE revenue estimate of $578. We are the street high for 2026 revenue. Net transaction retention has likely bottomed in 3Q24 and we expect reversion towards AVDX's historical run-rate of 105% as CEO confidence is likely to revert higher given certainty in the U.S. presidential race and accounts payable (AP) YoY growth cyclically reverts higher."

For an analyst ratings summary and ratings history on AvidXChange Holdings click here. For more ratings news on AvidXChange Holdings click here.

Shares of AvidXChange Holdings closed at $11.25 yesterday.

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