BTIG resumed coverage of AvidXchange (AVDX) with a Buy rating and $14 price target The firm sees AvidXchange’s position as the leading middle-market business-to-business invoice and payments company as “poised to help it drive a long, durable growth trajectory for the next several years.” The company has “built a moat” around the middle-market verticals it targets which are still in the very early innings of converting their invoice and payments capabilities to a digital and automated solution, the analyst tells investors in a research note.
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Read More on AVDX:
- AvidXchange price target raised to $12 from $10 at Keefe Bruyette
- AvidXchange upgraded to Buy from Neutral at Compass Point
- AvidXchange price target raised to $13 from $12 at KeyBanc
- AvidXchange price target raised to $10 from $9 at Goldman Sachs
- AvidXchange price target raised to $13 from $11 at Barclays