In a report released today, Brent Bracelin from Piper Sandler maintained a Buy rating on Avalara (AVLR), with a price target of $185.00. The company’s shares closed last Thursday at $162.26, close to its 52-week high of $164.85.
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 36.9% and a 83.0% success rate. Bracelin covers the Technology sector, focusing on stocks such as Slack Technologies, Tyler Technologies, and Bill.com Holdings.
Avalara has an analyst consensus of Strong Buy, with a price target consensus of $176.50, an 8.5% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $185.00 price target.
See today’s analyst top recommended stocks >>
Based on Avalara’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $116 million and GAAP net loss of $10.14 million. In comparison, last year the company earned revenue of $91.3 million and had a GAAP net loss of $14.24 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Avalara, Inc. provides cloud-based software services. It offers Avalara returns excise pro simplifies fuel tax compliance, enabling small and medium sized suppliers, distributors and terminal operators to reduce filing time and costs; Avalara avatax, the sales tax decision automation, instantaneously and accurately calculates tax; Avalara certcapture creates, validates and stores sales tax exemption certificates and reseller certificates in the cloud, limiting audit exposure; Avalara government automates end-to-end motor fuels tax filing processes for state tax authorities, growing tax revenue and eliminating labor-intensive activities; and Avalara mylodge tax is a automated solution for vacation rental homeowners seeking tax compliance for their vacation home rentals. The company was founded by Rory Rawlings, Scott McFarlane and Jared R. Vogt in 2004 and is headquartered in Seattle, WA.
