Morgan Stanley raised the firm’s price target on AvidXchange (AVDX) to $10 from $8 and keeps an Equal Weight rating on the shares. The firm updated its price target to reflect the proposed joint acquisition after Corpay (CPAY), a 33% investor, and TPG (TPG), the 67% majority owner, agreed to acquire AvidXchange for $10.00 per share with Corpay given the option to buy TPG’s stake in 2028.
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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