AvePoint downgraded to Market Perform from Outperform at William Blair

William Blair downgraded AvePoint (AVPT) to Market Perform from Outperform without a price target The firm downgraded a handful of names in infrastructure software citing the “increased uncertainty that AI has injected into the software sector.” William believes the group has entered a “critical transition period” where every infrastructure software company “will need to rethink their product, their pricing, and their go-to-market strategy.” AI has introduced a level of uncertainty in the software industry that is not likely to change any time soon, the analyst tells investors in a research note.