JPMorgan Upgrades Avalara (AVLR) to Overweight

JPMorgan analyst Sterling Auty upgraded Avalara (NYSE: AVLR) from Neutral to Overweight with a price target of $38.00.

The analyst says sales tax solutions are entering secular adoptions following the Supreme Court ruling. He says that while transaction volumes may slip a bit in the face of macro headwinds, taxes themselves are defensive.

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

Shares of Avalara closed at $29.74 yesterday.

You May Also Be Interested In

• Citi upgrades AMD to buy with $575 price target ahead of Q4 earnings
• The Lovesac Co. (LOVE) PT Raised to $20 at DA Davidson Following Q1 Results
• BofA Securities Double Upgrades Intel (INTC) to Buy