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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AvidXchange Holdings: Positive Outlook