AvidXchange Holdings, Inc. (AVDX)
NASDAQ: AVDX · IEX Real-Time Price · USD
12.41
+0.16 (1.31%)
At close: Jul 19, 2024, 4:00 PM
12.30
-0.11 (-0.89%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
AvidXchange Holdings Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for AVDX stock have an average target of 13.09, with a low estimate of 10 and a high estimate of 16. The average target predicts an increase of 5.48% from the current stock price of 12.41.
Analyst Consensus: Hold
* Price targets were last updated on May 13, 2024.
Analyst Ratings
The average analyst rating for AVDX stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 6 | 6 | 6 | 5 | 5 | 3 |
| Hold | 5 | 5 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 13 | 13 | 15 | 14 | 14 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $16 → $14 | Buy | Maintains | $16 → $14 | +12.81% | May 13, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Sell Downgrades $13 → $12 | Hold → Strong Sell | Downgrades | $13 → $12 | -7.33% | Apr 15, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $14 → $12 | Hold | Maintains | $14 → $12 | -3.30% | Apr 12, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Initiates $14 | Hold | Initiates | $14 | +8.78% | Apr 9, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $14 → $15 | Buy | Maintains | $14 → $15 | +20.87% | Feb 29, 2024 |
Financial Forecast
Revenue This Year
456.33M
from 380.72M
Increased by 19.86%
Revenue Next Year
527.45M
from 456.33M
Increased by 15.59%
EPS This Year
0.25
from -0.23
EPS Next Year
0.38
from 0.25
Increased by 54.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 479.9M | 551.9M | 665.7M | 753.8M | 843.2M |
| Avg | 456.3M | 527.5M | 620.5M | 716.5M | 819.1M |
| Low | 435.1M | 491.9M | 564.5M | 673.3M | 786.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.0% | 20.9% | 26.2% | 21.5% | 17.7% |
| Avg | 19.9% | 15.6% | 17.6% | 15.5% | 14.3% |
| Low | 14.3% | 7.8% | 7.0% | 8.5% | 9.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.34 | 0.51 | 0.70 | 1.02 | 0.87 |
| Avg | 0.25 | 0.38 | 0.51 | 0.82 | 0.85 |
| Low | 0.19 | 0.28 | 0.17 | 0.63 | 0.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 108.2% | 84.8% | 100.2% | 6.1% |
| Avg | - | 54.0% | 33.6% | 61.4% | 3.1% |
| Low | - | 15.0% | -56.2% | 23.3% | -0.9% |
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.