AVDX Crosses Above Average Analyst Target
February 01, 2023 at 08:00 AM EST
In recent trading, shares of AvidXchange Holdings Inc (AVDX) have crossed above the average analyst 12-month target price of $11.00, changing hands for $11.12/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..