Avid Technology (AVID) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVID shares.
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3 equities research analysts have issued 12-month target prices for Avid Technology's shares. Their AVID share price forecasts range from $27.00 to $45.00. On average, they anticipate the company's share price to reach $34.50 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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Avid Technology's stock was trading at $26.59 at the beginning of 2023. Since then, AVID stock has decreased by 0.2% and is now trading at $26.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Avid Technology, Inc. (NASDAQ:AVID) issued its quarterly earnings data on Tuesday, November, 9th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The technology company had revenue of $101.64 million for the quarter, compared to analysts' expectations of $96.98 million. Avid Technology had a net margin of 10.68% and a negative trailing twelve-month return on equity of 28.67%. During the same quarter in the previous year, the firm posted $0.20 EPS.

MUSQ Global Music Industry ETF holds 4,585 shares of AVID stock, representing 1.71% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Block (SQ), Boeing (BA), Marvell Technology (MRVL), Walt Disney (DIS), Micron Technology (MU) and Cisco Systems (CSCO).

Avid Technology trades on the NASDAQ under the ticker symbol "AVID."

Avid Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Royce & Associates LP (5.42%), DAVENPORT & Co LLC (1.07%), Voss Capital LLC (1.06%), Otter Creek Advisors LLC (0.72%), Bank of New York Mellon Corp (0.63%) and Principal Financial Group Inc. (0.44%). Insiders that own company stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, Robert M Bakish, Timothy Claman and Tom J A Cordiner.
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Shares of AVID stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVID stock can currently be purchased for approximately $26.55.

Avid Technology (NASDAQ:AVID) has a market capitalization of $1.17 billion and generates $417.41 million in revenue each year. The technology company earns $55.24 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 1,485 workers across the globe.

Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The official website for the company is www.avid.com. The technology company can be reached via phone at (978) 640-6789, via email at ir@avid.com, or via fax at 978-640-3366.