AvidXchange (AVDX) Stock Forecast, Price Target & Predictions
AVDX Stock Forecast
AvidXchange stock forecast is as follows: an average price target of $11.69 (represents a 57.12% upside from AVDX’s last price of $7.44) 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 $11.69 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $9.00. This represents a potential 57.12% upside from AVDX's last price of $7.44.
AVDX Analyst Ratings
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%), 2 'Buy' (25.00%), 5 'Hold' (62.50%), 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 |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Ramsey El-Assal | Barclays | $10.00 | $7.80 | 28.21% | 34.41% |
| Aug 01, 2024 | Timothy Chiodo | UBS | $10.00 | $8.94 | 11.86% | 34.41% |
| Jun 28, 2024 | Rufus Hone | BMO Capital | $13.00 | $12.06 | 7.79% | 74.73% |
| May 13, 2024 | Ramsey El-Assal | Barclays | $14.00 | $11.24 | 24.56% | 88.17% |
| Apr 15, 2024 | Will Nance | Goldman Sachs | $11.50 | $11.64 | -1.20% | 54.57% |
| Aug 04, 2022 | - | Credit Suisse | $11.00 | $8.06 | 36.48% | 47.85% |
| May 09, 2022 | - | Deutsche Bank | $13.00 | $7.39 | 75.79% | 74.73% |
| May 06, 2022 | - | Credit Suisse | $13.00 | $7.73 | 68.18% | 74.73% |
| Apr 28, 2022 | - | Morgan Stanley | $9.00 | $8.05 | 11.80% | 20.97% |
| Apr 20, 2022 | - | Robert W. Baird | $16.00 | $8.88 | 80.18% | 115.05% |
The latest AvidXchange stock forecast, released on Aug 05, 2024 by Ramsey El-Assal from Barclays, set a price target of $10.00, which represents a 28.21% increase from the stock price at the time of the forecast ($7.80), and a 34.41% increase from AVDX last price ($7.44).
AvidXchange Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 5 |
| Avg Price Target | - | $11.00 | $11.70 |
| Last Closing Price | $7.44 | $7.44 | $7.44 |
| Upside/Downside | -100.00% | 47.85% | 57.26% |
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 $7.44. 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 |
|---|---|---|---|---|
| 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 |
AvidXchange's last stock rating was published by Compass Point on Sep 03, 2024. The company Initialise its AVDX rating from "null" to "Neutral".
AvidXchange Financial Forecast
AvidXchange Revenue Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $104.06M | $98.68M | - | $86.82M | $86.17M | $82.41M | - | $71.20M | $69.27M | $65.18M |
| Avg Forecast | $178.38M | $174.64M | $163.86M | $159.95M | $147.74M | $144.14M | $136.49M | $133.47M | $128.91M | $125.72M | $118.65M | $114.85M | $115.02M | $110.86M | $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 | $180.44M | $176.66M | $165.75M | $161.80M | $149.44M | $145.80M | $138.06M | $135.01M | $130.40M | $127.17M | $120.02M | $116.18M | $116.35M | $111.77M | $108.02M | $104.01M | $98.85M | $96.17M | $90.09M | $83.36M | $86.28M | $79.56M | $72.83M | $69.54M | $67.01M | $62.50M |
| Low Forecast | $173.79M | $170.15M | $159.64M | $155.84M | $143.94M | $140.43M | $132.98M | $130.04M | $125.60M | $122.49M | $115.60M | $111.90M | $112.07M | $110.12M | $104.04M | $100.18M | $98.35M | $92.63M | $86.77M | $80.29M | $83.10M | $76.63M | $72.83M | $67.16M | $64.72M | $60.36M |
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 4 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.04% | - | 1.05% | 1.01% | 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 $100.18M, and a high forecast of $104.01M. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 4 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.12M | $-2.33M | - | $-4.02M | $-10.97M | $-11.73M | - | $-12.38M | $-53.34M | $-32.23M |
| Avg Forecast | $-43.90M | $-42.98M | $-40.33M | $-39.36M | $-36.36M | $-35.47M | $-33.59M | $-32.85M | $-31.73M | $-30.94M | $-29.20M | $-28.26M | $-28.31M | $-27.28M | $-26.28M | $-25.31M | $-24.26M | $-23.40M | $-21.92M | $-20.28M | $-20.99M | $-19.36M | $-17.92M | $-17.70M | $-16.23M | $-15.14M |
| High Forecast | $-42.77M | $-41.87M | $-39.29M | $-38.35M | $-35.42M | $-34.56M | $-32.73M | $-32.00M | $-30.91M | $-30.14M | $-28.45M | $-27.54M | $-27.58M | $-27.10M | $-25.60M | $-24.65M | $-24.20M | $-22.80M | $-21.35M | $-19.76M | $-20.45M | $-18.86M | $-17.92M | $-14.16M | $-15.93M | $-14.85M |
| Low Forecast | $-44.41M | $-43.48M | $-40.79M | $-39.82M | $-36.78M | $-35.88M | $-33.98M | $-33.23M | $-32.09M | $-31.30M | $-29.54M | $-28.59M | $-28.63M | $-27.51M | $-26.58M | $-25.60M | $-24.33M | $-23.67M | $-22.17M | $-20.52M | $-21.23M | $-19.58M | $-17.92M | $-21.24M | $-16.49M | $-15.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.13% | 0.10% | - | 0.20% | 0.52% | 0.61% | - | 0.70% | 3.29% | 2.13% |
4 analysts predict AVDX's average Quarter EBITDA for Mar 24 to be $-25.31M, with a high of $-24.65M and a low of $-25.60M. This is -910.28% lower than AvidXchange's previous annual EBITDA (Dec 23) of $3.12M.
AvidXchange Net Income Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 4 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.47M | $-8.09M | - | $-15.99M | $-25.03M | $-25.37M | - | $-25.15M | $-72.10M | $-35.53M |
| Avg Forecast | $37.87M | $33.66M | $27.35M | $27.35M | $28.78M | $25.25M | $23.80M | $22.16M | $21.34M | $18.26M | $16.80M | $15.29M | $14.65M | $13.76M | $8.73M | $6.72M | $1.41M | $-7.39M | $-7.61M | $-11.87M | $-18.40M | $-23.33M | $-25.57M | $-35.95M | $-25.26M | $-27.67M |
| High Forecast | $38.43M | $34.16M | $27.76M | $27.76M | $29.21M | $25.63M | $24.16M | $22.49M | $21.66M | $18.54M | $17.05M | $15.52M | $14.87M | $13.96M | $8.86M | $6.82M | $4.22M | $-7.15M | $-7.36M | $-11.48M | $-17.79M | $-22.55M | $-25.57M | $-28.76M | $-24.64M | $-26.99M |
| Low Forecast | $36.60M | $32.53M | $26.43M | $26.43M | $27.82M | $24.40M | $23.00M | $21.42M | $20.63M | $17.65M | $16.23M | $14.78M | $14.16M | $11.79M | $8.44M | $6.50M | $-4.22M | $-7.50M | $-7.73M | $-12.05M | $-18.68M | $-23.68M | $-25.57M | $-43.13M | $-25.79M | $-28.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.18% | 1.09% | - | 1.35% | 1.36% | 1.09% | - | 0.70% | 2.85% | 1.28% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 4 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.16M | $43.74M | - | $42.76M | $48.48M | $44.28M | - | $35.93M | $70.08M | $31.68M |
| Avg Forecast | $100.07M | $97.97M | $91.92M | $89.73M | $82.88M | $80.86M | $76.57M | $74.88M | $72.32M | $70.53M | $66.56M | $64.43M | $64.53M | $62.19M | $59.91M | $57.69M | $55.31M | $53.34M | $49.96M | $46.23M | $47.85M | $44.13M | $40.86M | $51.35M | $37.00M | $34.51M |
| High Forecast | $101.23M | $99.11M | $92.99M | $90.77M | $83.84M | $81.80M | $77.45M | $75.74M | $73.16M | $71.34M | $67.33M | $65.18M | $65.27M | $62.70M | $60.60M | $58.35M | $55.45M | $53.95M | $50.54M | $46.77M | $48.40M | $44.64M | $40.86M | $61.63M | $37.59M | $35.06M |
| Low Forecast | $97.50M | $95.46M | $89.56M | $87.43M | $80.75M | $78.78M | $74.60M | $72.95M | $70.46M | $68.72M | $64.85M | $62.78M | $62.87M | $61.78M | $58.37M | $56.20M | $55.17M | $51.97M | $48.68M | $45.04M | $46.62M | $42.99M | $40.86M | $41.08M | $36.31M | $33.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.82% | - | 0.92% | 1.01% | 1.00% | - | 0.70% | 1.89% | 0.92% |
AvidXchange's average Quarter SG&A projection for Mar 24 is $57.69M, based on 4 Wall Street analysts, with a range of $56.20M to $58.35M. The forecast indicates a 27.75% rise compared to AVDX last annual SG&A of $45.16M (Dec 23).
AvidXchange EPS Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 4 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.02 | $-0.04 | - | $-0.08 | $-0.13 | $-0.13 | - | $-0.13 | $-0.41 | $-0.21 |
| Avg Forecast | $0.18 | $0.16 | $0.13 | $0.13 | $0.14 | $0.12 | $0.11 | $0.11 | $0.10 | $0.09 | $0.08 | $0.07 | $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 | $0.18 | $0.16 | $0.13 | $0.13 | $0.14 | $0.12 | $0.11 | $0.11 | $0.10 | $0.09 | $0.08 | $0.07 | $0.07 | $0.07 | $0.04 | $0.03 | $0.02 | $-0.03 | $-0.03 | $-0.05 | $-0.08 | $-0.11 | $-0.12 | $-0.14 | $-0.12 | $-0.13 |
| Low Forecast | $0.17 | $0.15 | $0.13 | $0.13 | $0.13 | $0.12 | $0.11 | $0.10 | $0.10 | $0.08 | $0.08 | $0.07 | $0.07 | $0.06 | $0.04 | $0.03 | $-0.02 | $-0.04 | $-0.04 | $-0.06 | $-0.09 | $-0.11 | $-0.12 | $-0.15 | $-0.13 | $-0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.29% | 1.14% | - | 1.42% | 1.49% | 1.17% | - | 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 | $14.09 | $23.33 | 65.58% | Buy |
| FLYW | Flywire | $17.50 | $28.40 | 62.29% | Buy |
| AVDX | AvidXchange | $7.44 | $11.69 | 57.12% | Hold |
| STER | Sterling Check | $16.77 | $26.00 | 55.04% | Buy |
| IIIV | i3 Verticals | $22.37 | $28.33 | 26.64% | Buy |
| EVCM | EverCommerce | $10.57 | $12.29 | 16.27% | Buy |
| SCWX | SecureWorks | $7.85 | $9.00 | 14.65% | Hold |
| NTCT | NetScout Systems | $19.82 | $22.00 | 11.00% | Hold |
| CSGS | CSG Systems | $48.31 | $52.00 | 7.64% | Buy |
| CCSI | Consensus Cloud Solutions | $23.66 | $25.00 | 5.66% | Buy |
| RDWR | Radware | $21.96 | $23.00 | 4.74% | Buy |
| EVTC | EVERTEC | $33.78 | $28.00 | -17.11% | 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 2 'Buy' recommendations, accounting for 25.00% of AVDX's total ratings.
What is AVDX's price target?
AvidXchange (AVDX) average price target is $11.69 with a range of $9 to $16, implying a 57.12% from its last price of $7.44. 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 57.12% (from the last price of $7.44 to the average price target of $11.69), up by 115.05% based on the highest stock price target, and up by 20.97% based on the lowest stock price target.
Can AvidXchange stock reach $11?
AVDX's average twelve months analyst stock price target of $11.69 supports the claim that AvidXchange can reach $11 in the near future.
What are AvidXchange's analysts' financial forecasts?
AvidXchange's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $561.83M (high $568.32M, low $547.39M), average EBITDA is $-138M (high $-135M, low $-140M), average net income is $99.99M (high $101.49M, low $96.65M), average SG&A $315.19M (high $318.83M, low $307.09M), and average EPS is $0.475 (high $0.482, low $0.459). AVDX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $676.83M (high $684.64M, low $659.43M), average EBITDA is $-167M (high $-162M, low $-168M), average net income is $126.22M (high $128.12M, low $122M), average SG&A $379.7M (high $384.09M, low $369.94M), and average EPS is $0.6 (high $0.609, low $0.58).
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 $-89.859M by -80.43%. The company's net income was $-47.325M, beating the average estimation of $-25.474M by 85.78%. Apple's SG&A was $179.45M, missing the average forecast of $204.84M by -12.40%. 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 $-24.262M by -112.87%. AvidXchange's net income was $-4.473M, missing the average estimation of $1.41M by -418.06%. The company's SG&A was $45.16M, missing the average forecast of $55.31M by -18.36%. Lastly, the company's EPS was $-0.022, missing the average prediction of $0.00668 by -429.09%