As previously reported, Wolfe Research downgraded AvidXchange (AVDX) to Peer Perform from Outperform and removed the firm’s prior $13 price target after the company reported Q4 earnings. Post a “meaningful top-line reset,” the firm sees limited valuation support and views shares as fairly valued, the analyst tells investors.
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- AvidXchange downgraded to Peer Perform from Outperform at Wolfe Research
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