Susquehanna downgraded AvidXchange (AVDX) to Neutral from Positive with a price target of $10, down from $13, following the announcement that TPG (TPG), in partnership with Corpay (CPAY), entered into a definitive agreement to acquire the company for $10 per share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVDX:
- AvidXchange price target raised to $10 from $8 at Wells Fargo
- Cautious Outlook for AvidXchange Holdings Amid Strategic Partnerships and Macroeconomic Concerns
- AvidXchange Reports Modest Q1 2025 Revenue Growth
- AvidXchange downgraded to Neutral from Buy at BTIG
- AvidXchange price target lowered to $10 from $12 at Baird