Mizuho Maintains Avalara’s Buy Rating: Here’s What You Need to Know
Mizuho has decided to maintain its buy rating of Avalara AVLR and lowering its price target from $160.00 to $110.00.
Shares of Avalara are trading up 8.77% in the past 24 hours, at $76.12 per share.
A move to $110.00 would represent a 44.51% increase over the current stock price.
Avalara Inc provides compliance solutions. It provides software solutions that help businesses of all types and sizes comply with tax requirements for transactions around the world. The company offers a wide and growing range of compliance solutions for transaction taxes, such as sales and use tax, VAT, excise tax on fuels, alcoholic beverages, cross-border taxes, accommodation tax and communications tax. These solutions enable customers to automate the process of tax determination, identification of applicable tax rates, tax determination and collection, tax preparation and filing, tax remittance, tax records and management of compliance documents. It generates revenue in the form of subscriptions and professional services.
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