AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst

sanfel Elevator Pitch AvidXchange Holdings, Inc. (NASDAQ:AVDX) shares are still assigned a Buy investment rating. My prior November 10, 2023 article reviewed AvidXchange's results for the third quarter of last year. I touch on AVDX's Q4 2023 performance and FY 2024 outlook in this latest update. The company's latest quarterly EBITDA and forward-looking EBITDA guidance beat the analysts' expectations. The stock is undervalued relative to peers, and I view the expected achievement of the Rule of 40 target ...