Keefe Bruyette lowered the firm’s price target on AvidXchange (AVDX) to $8 from $11 and keeps a Market Perform rating on the shares. While AvidXchange reported a good quarter, macro conditions remain challenging, the analyst tells investors in a research note.
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Read More on AVDX:
- AvidXchange Holdings Faces Challenges: Sell Rating Due to Weak Growth Prospects and Competitive Concerns
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