AvidXchange Holdings (AVDX) Reports In-Line Q3 EPS ; Offers Guidance

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AvidXChange Holdings (AVDX) PT Raised to $10 at JPMorgan

November 7, 2024 6:01 AM EST

JPMorgan 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