B. Riley initiated coverage of AvePoint (AVPT) with a Buy rating and $25 price target AvePoint is a software-as-a-service provider of cloud-native data management services, including data backup, data security, and governance, the analyst tells investors in a research note. The firm says investors should buy the stock because the company is gaining market share in the data backup market. It believes the recent share pullback presents a buying opportunity.
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