Wells Fargo analyst Andrew Bauch lowered the firm’s price target on AvidXchange (AVDX) to $9 from $10 and keeps an Equal Weight rating on the shares. While Q3 will act as an important first step toward winning back investor support, the bar is far lower, and the firm believes a mix of near-term and long-term concerns will take multiple quarters to dissipate.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVDX: