Morgan Stanley analyst James Faucette lowered the firm’s price target on AvidXchange (AVDX) to $8 from $11 and keeps an Equal Weight rating on the shares. Organic revenue growth is guided to decelerate from about 13% in 2024 to about 8% in 2025, notes the analyst, who is cutting estimates on the soft organic growth outlook implied by the company’s guidance.
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Read More on AVDX:
- AvidXchange downgraded to Peer Perform from Outperform at Wolfe Research
- AvidXchange price target lowered to $9 from $10 at JPMorgan
- AvidXchange price target lowered to $8 from $11 at Keefe Bruyette
- AvidXchange Holdings Faces Challenges: Sell Rating Due to Weak Growth Prospects and Competitive Concerns
- AvidXchange downgraded to Sector Weight from Overweight at KeyBanc