AvidXchange Announces Third Quarter 2024 Financial Results
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AvidXChange Holdings (AVDX) PT Raised to $10 at JPMorgan
November 7, 2024 6:01 AM ESTJPMorgan analyst Tien-tsin Huang raised the price target on AvidXChange Holdings (NASDAQ: AVDX) to $10.00 (from $9.00) while maintaining a Neutral rating.
The analyst comments "AVDX stock rallied (+14% vs. SPX +2%) on 3Q results that provided some real reasons for optimism, after adverse impacts from macro cyclicality drove a miss/neg. revision last quarter. Though were not ready to call one quarter a trend, mgmt. noted an... More
AvidXchange Holdings (AVDX) Tops Q3 EPS by 1c, Beats on Revenue; Offers FY24 Revenue Guidance
November 6, 2024 7:04 AM ESTAvidXchange Holdings (NASDAQ: AVDX) reported Q3 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $112.8 million versus the consensus estimate of $110.85 million.
GUIDANCE:
AvidXchange Holdings sees FY2024 revenue of $437-439 million, versus the consensus of... More
