AVDX - AvidXchange Holdings: Positive Outlook

2024-05-31 06:42:20 ET

Summary

• AvidXchange Holdings' disclosures at a recent investor conference indicate that the company has good long-term growth potential.
• AvidXchange's guidance points to a doubling of its EBITDA margin for full-year FY 2024.
• I stay bullish on AVDX stock, as the company's prospects are favorable.

Elevator Pitch

My rating for AvidXchange Holdings, Inc. ( AVDX ) stock is a Buy.

With my earlier March 3, 2024 write-up , I analyzed AVDX's Q4 2023 financial results and highlighted that meeting "the Rule of 40 (sum of revenue growth and EBITDA margin is equal to 40%)" target will be a potential catalyst....

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