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KeyCorp cuts AvidXchange PT to $10, maintains Overweight rating

Jul. 07, 2022 1:13 PM ETAvidXchange Holdings, Inc. (AVDX)By: Jessica Kuruthukulangara, SA News Editor
  • KeyCorp on Thursday cut its price target on AvidXchange (NASDAQ:AVDX) to $10 from $14, which implies potential upside of 46.6% to its last close.
  • KeyCorp maintained its Overweight rating on AVDX, in-line with Wall Street analysts' bullish rating.
  • Of the 12 sell-side analysts tracked by Seeking Alpha in the last 90 days, 5 rate AVDX Strong Buy, 4 Buy and 3 Hold.
  • AVDX stock, which rose as much as 7.5% to its highest in over 2 weeks on Thursday, has declined 54.1% YTD.

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