How Does Avalara Inc (AVLR) Stock Rank on Wall Street Friday?

Friday, September 23, 2022 02:59 PM | InvestorsObserver Analysts

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How Does Avalara Inc (AVLR) Stock Rank on Wall Street Friday?

Analysts who follow Avalara Inc (AVLR) on average expect it to gain 9.22% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 15, which means it ranks higher than 15 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating AVLR a Buy today. Find out what this means to you and get the rest of the rankings on AVLR!

See Full AVLR Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Avalara Inc Stock Today?

Avalara Inc (AVLR) stock is trading at $92.16 as of 2:53 PM on Friday, Sep 23, a decline of -$0.18, or -0.19% from the previous closing price of $92.34. Volume today is less active than usual. So far 3,269,196 shares have traded compared to average volume of 5,151,026 shares. The stock has traded between $92.16 and $92.65 so far today. Click Here to get the full Stock Report for Avalara Inc stock.