Wells Fargo raised the firm’s price target on AvidXchange (AVDX) to $10 from $8 and keeps an Equal Weight rating on the shares. The firm says a light Q1 driven by weak TPV and txn metrics supports management’s decision to go private, and thinks the business will be better equipped to navigate macro volatility on the private side.
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Read More on AVDX:
- 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
- AvidXchange moved to No Rating at BofA after go-private deal