What's Going On With AvidXchange Stock Monday?
What's Going On With AvidXchange Stock Monday?
AvidXchange Holdings, Inc (NASDAQ:AVDX) shares are trading lower after Goldman Sachs analyst Will Nance downgraded the stock from Neutral to Sell and lowered its price target from $13 to $11.50.
在高盛分析师威尔·南斯将股票评级从中性下调至卖出并将其目标股价从13美元下调至11.50美元之后，AvidXChange Holdings, Inc（纳斯达克股票代码：AVDX）股价走低。
The analyst said the downgrade is attributed to the stock's significant price increase of approximately 31% since the third-quarter earnings report, which led to a perceived negative risk-reward balance.
该分析师表示，评级下调归因于该股自第三季度财报发布以来大幅上涨了约31％，这导致风险回报余额被认为为负数。
Despite recognizing AVDX as a leader in B2B payment digitization for mid-market companies, Nance expressed concern over the stock trading roughly in line or above its higher growth competitor, BILL Holdings, Inc (NYSE:BILL), coupled with aggressive Street estimates expecting an acceleration in underlying growth rates.
尽管承认AVDX是中端市场公司B2B支付数字化的领导者，但Nance对股票交易大致持平或高于其高增长竞争对手BILL Holdings, Inc（纽约证券交易所代码：BILL）表示担忧，华尔街激进估计基础增长率将加速。
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The analyst noted that AVDX's recent revenue growth has been buoyed by substantial interest rate increases and contributions from its political advertising vertical, which will likely diminish in 2025.
该分析师指出，AVDX最近的收入增长受到利率大幅上调和其政治广告垂直领域的捐款的推动，而政治广告在2025年可能会减少。
Nance suggests that while B2B payments may see better volume trends, achieving current Street estimates would require this improvement. The analyst prefers BILL for exposure to potential market re-acceleration, citing limited upside to AVDX's revenue trends over the next year and potential for multiple compression if revenue growth disappoints in 2025.
Nance认为，尽管B2B支付的交易量趋势可能会有所改善，但要实现华尔街目前的估计，就需要这种改进。这位分析师更喜欢BILL来应对潜在的市场再加速，理由是AVDX明年的收入趋势的上行空间有限，如果2025年收入增长令人失望，则可能出现多次压缩。
The analysis highlights concerns over AVDX's underlying revenue trends, which have needed to be stronger than headline figures suggest due to the offsetting effect of interest income from customer funds.
该分析凸显了对AVDX潜在收入趋势的担忧，由于客户资金利息收入的抵消作用，这种担忧必须比总体数据所显示的要强得多。
Street estimates for 2025 appear aggressive, assuming an inflection in growth and monetization beyond what is considered realistic, given the current transaction growth deceleration and stable take rates, as per the analyst. Furthermore, the valuation risk/reward is viewed negatively compared to BILL, as AVDX trades at a similar or premium valuation despite lower customer growth and monetization potential.
根据分析师的说法，鉴于当前交易增长减速和稳定的收取率，假设增长和货币化的变化超出了人们认为的现实水平，华尔街对2025年的估计似乎很激进。此外，与BILL相比，估值风险/回报被视为负面，因为尽管客户增长和获利潜力较低，但AVDX的交易估值相似或溢价。
Price Action: AVDX shares traded lower by 3.39% at $11.25 on the last check Monday.
价格走势：在周一的最后一次支票中，AVDX股价下跌3.39％，至11.25美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明： 该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审阅和发布。
Photo: Lukas from Pixabay
照片：来自 Pixabay 的卢卡斯