AvidXchange upgraded to Buy at Compass Point on ‘Street high’ FY26 view

As previously reported, Compass Point analyst Dominick Gabriele upgraded AvidXchange (AVDX) to Buy from Neutral with a price target of $15, up from $8. The firm, which is rolling out its FY26 revenue estimate of $578M, notes that as “the street high for 2026 revenue.” Net transaction retention has likely bottomed in Q3 and the firm expects reversion towards the company’s historical run-rate of 105% as CEO confidence is likely to revert higher given certainty in the U.S. presidential race and accounts payable year-over-year growth cyclically reverting higher, the analyst contends.