Analysts Expect AvidXchange Holdings, Inc. (NASDAQ:AVDX) To Breakeven Soon [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
We feel now is a pretty good time to analyse AvidXchange Holdings, Inc.'s ( NASDAQ:AVDX business as it appears the company may be on the cusp of a considerable accomplishment. AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. With the latest financial year loss of US$47m and a trailing-twelve-month loss of US$13m, the US$1.8b market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is AvidXchange Holdings' path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. According to the 15 industry analysts covering AvidXchange Holdings, the consensus is that breakeven is near. They expect the company to post a final loss in 2023, before turning a profit of US$1.3m in 2024. There
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AVDX
News
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at Barclays PLC from $11.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
- AvidXchange to Participate in Upcoming Investor ConferencesGlobeNewswire
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at BMO Capital Markets from $10.00 to $11.00. They now have a "market perform" rating on the stock.MarketBeat
- AvidXchange Holdings Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $7.00 to $9.00. They now have a "sell" rating on the stock.MarketBeat
AVDX
Earnings
- 11/6/24 - Beat
AVDX
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- AVDX's page on the SEC website