Jefferies analyst Samad Samana raised the firm’s price target on Avid Technology to $27 from $25 and keeps a Hold rating on the shares. The firm said that Q2 results largely fell within guidance, adding that a PE acquirer makes sense given Avid’s unique business.
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Read More on AVID:
- Avid Technology reports Q2 EPS 22c, consensus 21c
- Avid Technology to be acquired by STG affiliate for $1.4B, or $27.05 per share
- Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion
- Avid Technology Announces Q2 2023 Results
- Avid near deal to be taken private for just over $27 per share, Reuters reports