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.

About Avalara

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.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in BenzingaPro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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