Barclays analyst Ramsey El Assal maintained a Buy rating on AvidXchange Holdings (AVDX – Research Report) on August 5 and set a price target of $13.00. The company’s shares closed last Friday at $7.98.
El Assal covers the Technology sector, focusing on stocks such as WEX, Upstart Holdings, and Argo Blockchain. According to TipRanks, El Assal has an average return of 3.1% and a 51.94% success rate on recommended stocks.
AvidXchange Holdings has an analyst consensus of Strong Buy, with a price target consensus of $11.44, representing a 43.36% upside. In a report released on August 4, Credit Suisse also maintained a Buy rating on the stock with a $11.00 price target.
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AVDX market cap is currently $1.58B and has a P/E ratio of (9.04).
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AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue.
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