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AvidXchange price target raised to $10 from $8 at Wells Fargo

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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