AvePoint’s Strong SaaS Momentum and Strategic Expansion Justify Buy Rating

William Blair analyst Jason Ader has reiterated their bullish stance on AVPT stock, giving a Buy rating on June 2.

Jason Ader has given his Buy rating due to a combination of factors including AvePoint’s strong momentum in its SaaS data management portfolio and the increasing demand for comprehensive data management and governance. The company’s Confidence Platform is gaining traction as customers recognize the importance of preparing proprietary data for AI, which opens new monetization opportunities beyond the Microsoft 365 Copilot readiness.
Additionally, AvePoint’s strategic efforts to expand into ecosystems like Google and Salesforce, alongside its ambitious target to achieve $1 billion in annual recurring revenue by fiscal 2029, further support the Buy rating. The company’s diversified business model, with no single customer or industry vertical dominating its revenue, and its geographic reach across North America, EMEA, and APAC, provide a solid foundation for future growth. The anticipated attainment of the Rule of 40 by the end of fiscal 2025 underscores the company’s potential for sustainable growth and profitability.

Ader covers the Technology sector, focusing on stocks such as Box, Confluent, and Pure Storage. According to TipRanks, Ader has an average return of 4.8% and a 56.50% success rate on recommended stocks.

In another report released on June 2, TD Cowen also maintained a Buy rating on the stock with a $21.00 price target.