AvidXchange (AVDX) Stock Forecast, Price Target & Predictions

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AVDX Stock Forecast

AvidXchange stock forecast is as follows: an average price target of $11.40 (represents a 7.95% upside from AVDX’s last price of $10.56) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.

AVDX Price Target

The average price target for AvidXchange (AVDX) is $11.40 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $9.00. This represents a potential 7.95% upside from AVDX's last price of $10.56.

AVDX Analyst Ratings

Hold

According to 8 Wall Street analysts, AvidXchange's rating consensus is 'Hold'. The analyst rating breakdown for AVDX stock is 0 'Strong Buy' (0.00%), 3 'Buy' (37.50%), 4 'Hold' (50.00%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).

AvidXchange Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 07, 2024	Dominick Gabriele	Compass Point	$15.00	$10.00	50.00%	42.05%
Oct 21, 2024	Andrew Bauch	Wells Fargo	$9.00	$8.58	4.90%	-14.77%
Aug 05, 2024	Ramsey El-Assal	Barclays	$10.00	$7.80	28.21%	-5.30%
Aug 01, 2024	Timothy Chiodo	UBS	$10.00	$8.94	11.86%	-5.30%
Jun 28, 2024	Rufus Hone	BMO Capital	$13.00	$12.06	7.79%	23.11%
May 13, 2024	Ramsey El-Assal	Barclays	$14.00	$11.24	24.56%	32.58%
Apr 15, 2024	Will Nance	Goldman Sachs	$11.50	$11.64	-1.20%	8.90%
Aug 04, 2022		Credit Suisse	$11.00	$8.06	36.48%	4.17%
May 09, 2022		Deutsche Bank	$13.00	$7.39	75.79%	23.11%
May 06, 2022		Credit Suisse	$13.00	$7.73	68.18%	23.11%
Apr 28, 2022		Morgan Stanley	$9.00	$8.05	11.80%	-14.77%
Apr 20, 2022		Robert W. Baird	$16.00	$8.88	80.18%	51.52%

The latest AvidXchange stock forecast, released on Nov 07, 2024 by Dominick Gabriele from Compass Point, set a price target of $15.00, which represents a 50.00% increase from the stock price at the time of the forecast ($10.00), and a 42.05% increase from AVDX last price ($10.56).

AvidXchange Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	7
Avg Price Target	-	$12.00	$11.79
Last Closing Price	$10.56	$10.56	$10.56
Upside/Downside	-100.00%	13.64%	11.65%

In the current month, the average price target of AvidXchange stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to AvidXchange's last price of $10.56. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 07, 2024	Compass Point	Neutral	Buy	Upgrade
Oct 21, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Sep 03, 2024	Compass Point		Neutral	Initialise
Aug 20, 2024	JMP Securities		Perform	Downgrade
Aug 05, 2024	Barclays	Overweight	Overweight	Hold
Aug 01, 2024	UBS		Neutral	Downgrade
Jun 28, 2024	BMO Capital	Market Perform	Market Perform	Hold
May 13, 2024	Barclays	Overweight	Overweight	Hold
Apr 15, 2024	Goldman Sachs		Sell	Downgrade
Dec 22, 2023	Wells Fargo	Market Perform	Market Perform	Hold
Jun 05, 2023	Barclays	Overweight	Overweight	Hold
Jun 02, 2023	Credit Suisse	Outperform	Outperform	Hold
Aug 04, 2022	Credit Suisse	Outperform	Outperform	Hold
Apr 28, 2022	Morgan Stanley		Equal-Weight	Initialise

AvidXchange's last stock rating was published by Compass Point on Nov 07, 2024. The company Upgrade its AVDX rating from "Neutral" to "Buy".

AvidXchange Financial Forecast

AvidXchange Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$104.06M	$98.68M	-	$86.82M	$86.17M	$82.41M	$76.56M	$71.20M	$69.27M	$65.18M
Avg Forecast	$192.79M	$187.42M	$174.64M	$172.07M	$167.35M	$162.70M	$151.39M	$149.21M	$143.45M	$140.58M	$132.31M	$129.56M	$127.31M	$124.71M	$117.35M	$115.13M	$114.84M	$110.83M	$106.78M	$102.82M	$98.59M	$95.08M	$89.06M	$82.41M	$85.29M	$78.66M	$72.83M	$68.45M	$65.95M	$61.51M
High Forecast	$195.80M	$190.35M	$177.37M	$174.76M	$169.97M	$165.24M	$153.76M	$151.54M	$145.69M	$142.78M	$134.38M	$131.58M	$129.30M	$126.66M	$119.18M	$117.40M	$115.71M	$110.95M	$106.96M	$102.87M	$98.85M	$95.08M	$90.45M	$83.70M	$86.62M	$78.66M	$72.83M	$68.45M	$65.95M	$61.51M
Low Forecast	$187.92M	$182.69M	$170.24M	$167.73M	$163.13M	$158.59M	$147.57M	$145.44M	$139.83M	$137.03M	$128.97M	$126.29M	$124.09M	$121.57M	$114.39M	$111.67M	$114.48M	$110.72M	$106.61M	$102.78M	$98.35M	$95.07M	$86.81M	$80.33M	$83.14M	$78.66M	$72.83M	$68.45M	$65.95M	$61.51M
# Analysts	7	4	3	7	7	4	4	7	6	4	4	6	4	3	7	9	9	4	5	4	8	4	5	4	4	3	4	3	5	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06%	1.04%	-	1.05%	1.01%	1.05%	1.05%	1.04%	1.05%	1.06%

AvidXchange's average Quarter revenue forecast for Mar 24 based on 4 analysts is $102.82M, with a low forecast of $102.78M, and a high forecast of $102.87M. AVDX's average Quarter revenue forecast represents a -1.19% decrease compared to the company's last Quarter revenue of $104.06M (Dec 23).

AvidXchange EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	7	4	3	7	7	4	4	7	6	4	4	6	4	3	7	9	9	4	5	4	8	4	5	4	4	3	4	3	5	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.12M	$-2.33M	-	$-4.02M	$-10.97M	$-11.73M	$-12.29M	$-12.38M	$-53.34M	$-32.23M
Avg Forecast	$-54.23M	$-52.72M	$-49.12M	$-48.40M	$-47.07M	$-45.76M	$-42.58M	$-41.97M	$-40.35M	$-39.54M	$-37.22M	$-36.44M	$-35.81M	$-35.08M	$-33.01M	$-32.38M	$-32.30M	$-31.18M	$-30.04M	$-28.92M	$-27.73M	$-26.74M	$-25.05M	$-23.18M	$-23.99M	$-19.36M	$-17.92M	$-17.70M	$-16.23M	$-15.14M
High Forecast	$-52.86M	$-51.39M	$-47.88M	$-47.18M	$-45.89M	$-44.61M	$-41.51M	$-40.91M	$-39.33M	$-38.54M	$-36.28M	$-35.52M	$-34.91M	$-34.19M	$-32.18M	$-31.41M	$-32.20M	$-31.14M	$-29.99M	$-28.91M	$-27.66M	$-26.74M	$-24.42M	$-22.60M	$-23.39M	$-19.36M	$-17.92M	$-14.16M	$-16.23M	$-15.14M
Low Forecast	$-55.08M	$-53.54M	$-49.89M	$-49.16M	$-47.81M	$-46.48M	$-43.25M	$-42.63M	$-40.98M	$-40.16M	$-37.80M	$-37.01M	$-36.37M	$-35.63M	$-33.52M	$-33.02M	$-32.55M	$-31.21M	$-30.09M	$-28.94M	$-27.80M	$-26.74M	$-25.44M	$-23.54M	$-24.37M	$-19.36M	$-17.92M	$-21.24M	$-16.23M	$-15.14M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.11%	0.09%	-	0.17%	0.46%	0.61%	0.69%	0.70%	3.29%	2.13%

4 analysts predict AVDX's average Quarter EBITDA for Mar 24 to be $-28.92M, with a high of $-28.91M and a low of $-28.94M. This is -1026.13% lower than AvidXchange's previous annual EBITDA (Dec 23) of $3.12M.

AvidXchange Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	7	4	3	7	7	4	4	7	6	4	4	6	4	3	7	9	9	4	5	4	8	4	5	4	4	3	4	3	5	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-4.47M	$-8.09M	-	$-15.99M	$-25.03M	$-25.37M	$-25.74M	$-25.15M	$-72.10M	$-35.53M
Avg Forecast	$45.98M	$45.98M	$37.62M	$39.71M	$35.53M	$35.53M	$29.26M	$29.26M	$26.47M	$26.81M	$22.70M	$21.16M	$19.16M	$18.98M	$16.65M	$16.02M	$14.44M	$13.84M	$8.67M	$6.68M	$1.40M	$-7.35M	$-7.57M	$-11.80M	$-18.28M	$-23.33M	$-26.25M	$-35.95M	$-26.11M	$-28.60M
High Forecast	$46.92M	$46.92M	$38.39M	$40.52M	$36.26M	$36.26M	$29.86M	$29.86M	$27.01M	$27.35M	$23.16M	$21.59M	$19.55M	$19.37M	$16.99M	$18.31M	$16.85M	$13.87M	$8.93M	$6.68M	$4.19M	$-7.10M	$-7.32M	$-11.41M	$-17.68M	$-23.33M	$-26.25M	$-28.76M	$-26.11M	$-28.60M
Low Forecast	$44.47M	$44.47M	$36.39M	$38.41M	$34.37M	$34.37M	$28.30M	$28.30M	$25.60M	$25.93M	$21.96M	$20.47M	$18.53M	$18.36M	$16.10M	$13.73M	$13.97M	$13.82M	$8.41M	$6.67M	$-4.19M	$-7.49M	$-7.72M	$-12.04M	$-18.65M	$-23.33M	$-26.25M	$-43.13M	$-26.11M	$-28.60M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.20%	1.10%	-	1.36%	1.37%	1.09%	0.98%	0.70%	2.76%	1.24%

AvidXchange's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. AVDX's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

AvidXchange SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	7	4	3	7	7	4	4	7	6	4	4	6	4	3	7	9	9	4	5	4	8	4	5	4	4	3	4	3	5	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$45.16M	$43.74M	-	$42.76M	$48.48M	$44.28M	$40.42M	$35.93M	$70.08M	$31.68M
Avg Forecast	$108.85M	$105.82M	$98.60M	$97.15M	$94.49M	$91.86M	$85.48M	$84.24M	$80.99M	$79.37M	$74.70M	$73.15M	$71.88M	$70.41M	$66.25M	$65.00M	$64.84M	$62.58M	$60.29M	$58.05M	$55.66M	$53.68M	$50.28M	$46.53M	$48.15M	$44.13M	$40.86M	$51.35M	$37.00M	$34.51M
High Forecast	$110.55M	$107.47M	$100.14M	$98.67M	$95.96M	$93.30M	$86.81M	$85.56M	$82.26M	$80.61M	$75.87M	$74.29M	$73.00M	$71.51M	$67.29M	$66.28M	$65.33M	$62.64M	$60.39M	$58.08M	$55.81M	$53.68M	$51.07M	$47.26M	$48.91M	$44.13M	$40.86M	$61.63M	$37.00M	$34.51M
Low Forecast	$106.10M	$103.15M	$96.11M	$94.70M	$92.10M	$89.54M	$83.32M	$82.12M	$78.95M	$77.37M	$72.82M	$71.30M	$70.06M	$68.64M	$64.58M	$63.05M	$64.63M	$62.51M	$60.19M	$58.03M	$55.53M	$53.68M	$49.01M	$45.35M	$46.94M	$44.13M	$40.86M	$41.08M	$37.00M	$34.51M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.81%	0.81%	-	0.92%	1.01%	1.00%	0.99%	0.70%	1.89%	0.92%

AvidXchange's average Quarter SG&A projection for Mar 24 is $58.05M, based on 4 Wall Street analysts, with a range of $58.03M to $58.08M. The forecast indicates a 28.56% rise compared to AVDX last annual SG&A of $45.16M (Dec 23).

AvidXchange EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	7	4	3	7	7	4	4	7	6	4	4	6	4	3	7	9	9	4	5	4	8	4	5	4	4	3	4	3	5	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.02	$-0.04	-	$-0.08	$-0.13	$-0.13	$-0.13	$-0.13	$-0.41	$-0.21
Avg Forecast	$0.22	$0.22	$0.18	$0.19	$0.17	$0.17	$0.14	$0.14	$0.13	$0.13	$0.11	$0.10	$0.09	$0.09	$0.08	$0.08	$0.07	$0.07	$0.04	$0.03	$0.01	$-0.04	$-0.04	$-0.06	$-0.09	$-0.11	$-0.12	$-0.14	$-0.12	$-0.14
High Forecast	$0.22	$0.22	$0.18	$0.19	$0.17	$0.17	$0.14	$0.14	$0.13	$0.13	$0.11	$0.10	$0.09	$0.09	$0.08	$0.09	$0.08	$0.07	$0.04	$0.03	$0.02	$-0.03	$-0.04	$-0.05	$-0.08	$-0.11	$-0.12	$-0.14	$-0.12	$-0.14
Low Forecast	$0.21	$0.21	$0.17	$0.18	$0.16	$0.16	$0.14	$0.14	$0.12	$0.12	$0.11	$0.10	$0.09	$0.09	$0.08	$0.07	$0.07	$0.07	$0.04	$0.03	$-0.02	$-0.04	$-0.04	$-0.06	$-0.09	$-0.11	$-0.12	$-0.14	$-0.12	$-0.14
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.29%	1.14%	-	1.42%	1.49%	1.17%	1.04%	0.91%	3.30%	1.56%

According to undefined Wall Street analysts, AvidXchange's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to AVDX previous annual EPS of $NaN (undefined).

AvidXchange Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BASE	Couchbase	$15.69	$23.00	46.59%	Buy
IIIV	i3 Verticals	$22.47	$30.00	33.51%	Buy
CCSI	Consensus Cloud Solutions	$24.33	$30.00	23.30%	Buy
FLYW	Flywire	$21.49	$23.33	8.56%	Buy
EVCM	EverCommerce	$12.05	$13.00	7.88%	Buy
SCWX	SecureWorks	$8.46	$9.00	6.38%	Hold
AVDX	AvidXchange	$11.18	$11.40	1.97%	Hold
RDWR	Radware	$23.11	$23.00	-0.48%	Buy
NTCT	NetScout Systems	$22.37	$22.00	-1.65%	Hold
CSGS	CSG Systems	$53.57	$52.00	-2.93%	Buy
EVTC	EVERTEC	$34.85	$31.50	-9.61%	Sell

AVDX Forecast FAQ

Is AvidXchange a good buy?

No, according to 8 Wall Street analysts, AvidXchange (AVDX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 37.50% of AVDX's total ratings.

What is AVDX's price target?

AvidXchange (AVDX) average price target is $11.4 with a range of $9 to $15, implying a 7.95% from its last price of $10.56. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will AvidXchange stock go up soon?

According to Wall Street analysts' prediction for AVDX stock, the company can go up by 7.95% (from the last price of $10.56 to the average price target of $11.4), up by 42.05% based on the highest stock price target, and down by -14.77% based on the lowest stock price target.

Can AvidXchange stock reach $20?

AVDX's average twelve months analyst stock price target of $11.4 does not support the claim that AvidXchange can reach $20 in the near future.

What are AvidXchange's analysts' financial forecasts?

AvidXchange's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $630.65M (high $640.51M, low $614.74M), average EBITDA is $-177M (high $-173M, low $-180M), average net income is $129.59M (high $132.23M, low $125.34M), average SG&A $356.06M (high $361.63M, low $347.08M), and average EPS is $0.62 (high $0.633, low $0.6). AVDX's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $726.92M (high $738.29M, low $708.58M), average EBITDA is $-204M (high $-199M, low $-208M), average net income is $169.3M (high $172.74M, low $163.75M), average SG&A $410.42M (high $416.83M, low $400.06M), and average EPS is $0.81 (high $0.826, low $0.783).

Did the AVDX's actual financial results beat the analysts' financial forecasts?

Based on AvidXchange's last annual report (Dec 2023), the company's revenue was $380.72M, beating the average analysts forecast of $365.13M by 4.27%. Apple's EBITDA was $-17.589M, missing the average prediction of $-103M by -82.87%. The company's net income was $-47.325M, beating the average estimation of $-25.31M by 86.98%. Apple's SG&A was $179.45M, missing the average forecast of $206.15M by -12.95%. Lastly, the company's EPS was $-0.23, beating the average prediction of $-0.121 by 89.94%. In terms of the last quarterly report (Dec 2023), AvidXchange's revenue was $104.06M, beating the average analysts' forecast of $98.59M by 5.55%. The company's EBITDA was $3.12M, missing the average prediction of $-27.731M by -111.26%. AvidXchange's net income was $-4.473M, missing the average estimation of $1.4M by -420.12%. The company's SG&A was $45.16M, missing the average forecast of $55.66M by -18.87%. Lastly, the company's EPS was $-0.022, missing the average prediction of $0.00668 by -429.09%