BMO Capital lowered the firm’s price target on AvidXchange (AVDX) to $7.50 from $11 and keeps a Market Perform rating on the shares after its Q4 earnings and below-consensus guidance. The company’s core revenue growth guidance disappointed at 8%, implying a deceleration vs. 11% in Q4, but the core revenue growth guidance for 2025 at 8% is “potentially conservative”, the analyst tells investors in a research note.
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