Avid Technology (AVID) Gets a Buy Rating from Maxim Group

By Carrie Williams

In a report released yesterday, Nehal Chokshi from Maxim Group reiterated a Buy rating on Avid Technology (AVIDResearch Report), with a price target of $14.00. The company’s shares closed last Monday at $7.74.

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.9% and a 53.2% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avid Technology with a $14.00 average price target.

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The company has a one-year high of $10.79 and a one-year low of $4.37. Currently, Avid Technology has an average volume of 378.7K.

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Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.