AvidXchange may be considering a sale after receiving takeover offers and positive quarterly results.

From Stocktwits: 2025-03-14 01:08:13

AvidXchange Holdings (AVDX) is reportedly considering a sale after receiving takeover offers, with shares rising nearly 14% on Thursday, reaching a market valuation of $1.6 billion. The company had exceeded quarterly earnings and revenue expectations in February, forecasting 2025 revenue between $453 million and $460 million. Despite positive news, brokerages have lowered the stock’s rating due to disappointing outlook. Retail sentiment on Stocktwits remains ‘extremely bullish,’ with one user suggesting it may not be wise for the CEO to sell now, speculating that Corpay could be a potential buyer. AVDX stock has dropped 39.2% in the past year.



Read more at Stocktwits: AvidXchange Reportedly Weighing A Possible Sale After Takeover Interest, Retail Chatter Spikes