AvidXchange Holdings, Inc. (AVDX)

AvidXchange Holdings Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for AVDX stock have an average target of 13.32, with a low estimate of 10 and a high estimate of 16. The average target predicts an increase of 17.98% from the current stock price of 11.29.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$10	$13.32	$14	$16
Change	-11.43%	+17.98%	+24.00%	+41.72%

Analyst Ratings

The average analyst rating for AVDX stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	2	2	2	2	2	2
Buy	7	6	6	6	6	5
Hold	4	5	5	5	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	1	1
Total	13	13	13	13	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ramsey El-Assal Barclays	Barclays	Buy Maintains $16 → $14	Buy	Maintains	$16 → $14	+24.00%	May 13, 2024
Will Nance Goldman Sachs	Goldman Sachs	Hold → Strong Sell Downgrades $13 → $12	Hold → Strong Sell	Downgrades	$13 → $12	+1.86%	Apr 15, 2024
Clarke Jeffries Piper Sandler	Piper Sandler	Hold Maintains $14 → $12	Hold	Maintains	$14 → $12	+6.29%	Apr 12, 2024
Sanjay Sakhrani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Initiates $14	Hold	Initiates	$14	+19.57%	Apr 9, 2024
Tien-Tsin Huang JP Morgan	JP Morgan	Buy Maintains $14 → $15	Buy	Maintains	$14 → $15	+32.86%	Feb 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

455.50M

Increased by 19.64%

from 380.72M

Revenue Next Year

528.99M

Increased by 16.13%

from 455.50M

EPS This Year

0.22

from -0.23

EPS Next Year

0.38

Increased by 68.61%

from 0.22

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	149.58M	185.93M	248.41M	316.35M	380.72M	455.50M	528.99M	621.71M	737.91M	820.08M
Revenue Growth	-	24.30%	33.60%	27.35%	20.35%	19.64%	16.13%	17.53%	18.69%	11.14%
EPS	-2.54	-3.34	-2.64	-0.51	-0.23	0.22	0.38	0.53	0.88	0.82
EPS Growth	-	-	-	-	-	-	68.61%	40.05%	65.92%	-6.98%
No. Analysts	-	-	-	-	-	15	15	10	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	480.9M	558.1M	665.8M	797.9M	844.2M
Avg	455.5M	529.0M	621.7M	737.9M	820.1M
Low	434.2M	495.3M	567.0M	673.3M	787.9M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	26.3%	22.5%	25.9%	28.3%	14.4%
Avg	19.6%	16.1%	17.5%	18.7%	11.1%
Low	14.1%	8.7%	7.2%	8.3%	6.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.34	0.55	0.80	1.16	0.84
Avg	0.22	0.38	0.53	0.88	0.82
Low	0.13	0.20	0.25	0.61	0.78

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	143.9%	111.4%	118.5%	-4.2%
Avg	-	68.6%	40.1%	65.9%	-7.0%
Low	-	-12.5%	-32.5%	14.9%	-10.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.