Analyst Shrenik Kothari from Robert W. Baird maintained a Hold rating on AvePoint and decreased the price target to $14.00 from $16.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Shrenik Kothari has given his Hold rating due to a combination of factors, balancing AvePoint’s strong execution with tempered forward expectations. He acknowledges that first-quarter performance was robust, with subscription momentum, profitability, and cash generation all surpassing market forecasts, and notes that the company’s AI-related “trust layer” positioning is clearly gaining traction, particularly in the public sector pipeline.
At the same time, he points out that management’s updated outlook largely absorbs the quarterly beat, as foreign exchange headwinds and a more ratable SaaS mix limit the flow-through to full-year revenue and operating income. With annual recurring revenue guidance nudged up but overall growth and margins already well appreciated in the stock, Kothari trims his price target from $16 to $14 and views the current risk/reward as balanced rather than compellingly skewed to the upside.
According to TipRanks, Kothari is a 5-star analyst with an average return of 15.1% and a 61.46% success rate. Kothari covers the Technology sector, focusing on stocks such as JFrog, Cloudflare, and Check Point.