DA Davidson analyst Rudy Kessinger initiated coverage of AvePoint (AVPT) with a Buy rating and $20 price target The firm views the company as well positioned in the “red hot” data protection market to continue gaining share. AvePoint has a platform that goes well beyond traditional backup and recovery, the analyst tells investors in a research note. DA believes the company can post continued 20% annual recurring revenue growth and margin expansion.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVPT: