Benzinga | Jan 12, 2022 11:05AM EST

Analyst Ratings For AvidXchange Holdings

Analysts have provided the following ratings for AvidXchange Holdings (NASDAQ:AVDX) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 3 7 0 0 0Last 30D 0 1 0 0 01M Ago 1 0 0 0 02M Ago 0 0 0 0 03M Ago 2 6 0 0 0

In the last 3 months, 10 analysts have offered 12-month price targets for AvidXchange Holdings. The company has an average price target of $29.7 with a high of $40.00 and a low of $25.00.

Below is a summary of how these 10 analysts rated AvidXchange Holdings over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average represents a 5.71% increase from the previous average price target of $31.50.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

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