The Latest Analyst Ratings For AvidXchange Holdings

During the last three months, 9 analysts shared their evaluations of AvidXchange Holdings AVDX, revealing diverse outlooks from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $11.67, a high estimate of $14.00, and a low estimate of $9.00. This current average has decreased by 7.38% from the previous average price target of $12.60.

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of AvidXchange Holdings's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AvidXchange Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of AvidXchange Holdings compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for AvidXchange Holdings's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of AvidXchange Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on AvidXchange Holdings analyst ratings.

About AvidXchange Holdings

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

AvidXchange Holdings's Economic Impact: An Analysis

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: AvidXchange Holdings displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 19.74%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.

Net Margin: AvidXchange Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -8.2%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.25%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.38%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: AvidXchange Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.23.

Analyst Ratings: What Are They?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.