AvidXChange Holdings (AVDX) PT Lowered to $14 at Baird

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Go back to AvidXChange Holdings (AVDX) PT Lowered to $14 at Baird

AvidXChange Holdings (AVDX) PT Lowered to $11 at JPMorgan

August 1, 2024 9:32 AM EDT

JPMorgan analyst Tien-tsin Huang lowered the price target on AvidXChange Holdings (NASDAQ: AVDX) to $11.00 (from $14.00) while maintaining a Overweight rating.

The analyst comments "Were cutting our FY24 revenue growth outlook by 2ppt to 15%, as our durability thesis was challenged by lower payment yield and weaker volume... More