KeyBanc raised the price target on AvidXchange (AVDX) to $13 from $12 and keeps an Overweight rating on the shares following the firm’s second half of 2024 CIO Survey, which is positive but not overwhelmingly so. KeyBanc exits the survey positive on AvidXchange as it observes greater momentum in back-office SaaS migration, though its enthusiasm is tempered a bit recognizing where AP/AR stacks up vs. other back-office project priorities.
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Read More on AVDX:
- AvidXchange price target raised to $10 from $9 at Goldman Sachs
- AvidXchange price target raised to $13 from $11 at Barclays
- Lone Pine takes new positions in Salesforce and Starbucks, exits Mastercard
- Lone Pine buys UnitedHealth, exits Workday in Q3
- AvidXchange price target raised to $11 from $10 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
