BMO Capital raised the firm’s price target on AvidXchange to $13 from $11 and keeps a Market Perform rating on the shares. The company reported a broad-based Q4 earnings beat, demonstrating stronger-than-expected core transaction yield improvement and efficiency gains, the analyst tells investors in a research note. The firm adds however that it sees “only modest” upside from the stock’s current valuation multiple.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AVDX:
- AvidXchange sees FY24 revenue $441M-$447M, consensus $444.31M
- AvidXchange reports Q4 EPS (2c), consensus 1c
- AvidXchange Announces Fourth Quarter 2023 Financial Results
- AvidXchange price target raised to $12 from $10 at Wells Fargo
- AvidXchange Announces Timing of Its Fourth Quarter 2023 Financial Results Conference Call and Webcast
