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Where AvidXchange Holdings Stands With Analysts

BY Benzinga
— 10:07 AM ET 04/28/2022

Analysts have provided the following ratings for AvidXchange Holdings NASDAQ:AVDX within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 5 1 0 0
Last 30D 0 0 1 0 0
1M Ago 0 1 0 0 0
2M Ago 1 4 0 0 0
3M Ago 0 0 0 0 0

These 7 analysts have an average price target of $13.43 versus the current price of AvidXchange Holdings at $8.03, implying upside.

Below is a summary of how these 7 analysts rated AvidXchange Holdings over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 52.38% from the previous average price target of $28.20.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

More AVDX News

  • 12 Information Technology Stocks Moving In Friday's Pre-Market Session
    Benzinga - 9:10 AM ET 04/22/2022
  • Benzinga's Top Ratings Upgrades, Downgrades For April 20, 2022
    Benzinga - 10:01 AM ET 04/20/2022
  • AvidXchange Announces Timing of Its First Quarter 2022 Financial Results Conference Call and Webcast
    GlobeNewswire - 4:05 PM ET 04/18/2022
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