AvidXchange Holdings Completes Acquisition by TPG and Corpay

The latest update is out from AvidXchange Holdings ( (AVDX) ).

On October 15, 2025, AvidXchange Holdings completed its acquisition by TPG and Corpay, transitioning to a private company valued at approximately $2.2 billion. The acquisition, initially announced on May 6, 2025, and approved by shareholders on September 16, 2025, resulted in AvidXchange ceasing public trading on Nasdaq. This strategic move is expected to accelerate AvidXchange’s growth and innovation in the AP automation industry, with TPG acquiring a majority interest and Corpay a minority interest, providing the company with resources and long-term vision to enhance its platform and expand its market presence.

The most recent analyst rating on (AVDX) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on AvidXchange Holdings stock, see the AVDX Stock Forecast page.

Spark’s Take on AVDX Stock

According to Spark, TipRanks’ AI Analyst, AVDX is a Neutral.

AvidXchange Holdings’ overall score is primarily influenced by its strong financial performance in terms of revenue growth and a solid balance sheet. However, the negative P/E ratio and overbought technical indicators present risks. The company’s focus on innovation and market expansion is promising, but profitability and cash conversion efficiency remain areas for improvement.

To see Spark’s full report on AVDX stock, click here.

More about AvidXchange Holdings

AvidXchange Holdings, Inc. is a leading provider of accounts payable automation software and payment solutions for middle market businesses and their suppliers. The company’s software-as-a-service platform digitizes and automates AP workflows for over 8,500 businesses, facilitating payments to more than 1,350,000 supplier customers over the past five years.

Average Trading Volume: 1,850,953

Technical Sentiment Signal: Buy

Current Market Cap: $2.08B

For a thorough assessment of AVDX stock, go to TipRanks’ Stock Analysis page.