AvePoint initiated with an Overweight at Morgan Stanley

Morgan Stanley analyst Da Wei Lee initiated coverage of AvePoint (AVPT) with an Overweight rating and S$23.70 price target The “underappreciated” data security play has strong Microsoft (MSFT) alignment and exposure to rising GenAI spending, says the analyst, who thinks consensus underestimates AvePoint’s earnings power. Tight integration with Microsoft gives AvePoint “a defensible edge over competitors’ solutions,” the analyst tells investors.