As previously reported, Wolfe Research downgraded AvidXchange (AVDX) to Peer Perform from Outperform and removed the firm’s prior $13 price target after the company reported Q4 earnings. Post a “meaningful top-line reset,” the firm sees limited valuation support and views shares as fairly valued, the analyst tells investors.
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- Nvidia, Constellation Brands downgraded: Wall Street’s top analyst calls
- AvidXchange price target lowered to $12 from $14 at Baird
- AvidXchange price target lowered to $8 from $11 at Morgan Stanley
- AvidXchange downgraded to Peer Perform from Outperform at Wolfe Research
- AvidXchange price target lowered to $9 from $10 at JPMorgan