Barclays Maintains Overweight Rating for AvidXchange Holdings: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of AvidXchange Holdings AVDX and raise its price target from $11.00 to $13.00.

Shares of AvidXchange Holdings are trading up 0.61% over the last 24 hours, at $10.80 per share.

A move to $13.00 would account for a 20.31% increase from the current share price.

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.

About Analyst Ratings

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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.

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