Avalara Announces Second Quarter 2022 Financial Results

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Stifel Downgrades Avalara (AVLR) to Hold

August 8, 2022 10:59 AM EDT

Stifel analyst Brad Reback downgraded Avalara (NYSE: AVLR) from Buy to Hold with a price target of $93.50 (from $95.00).

The analyst comments "Before the open, Avalara announced an agreement to be acquired by Vista Equity Partners for $93.50/share in an all cash transaction ($8.4B... More