Stephens initiated coverage of AvePoint (AVPT) with an Overweight rating and $18 price target Secular tailwinds support an attractive growth outlook for data management and security, and the company is a well-positioned platform play with strength in M365, the analyst tells investors in a research note. The firm added that AvePoint has a “strong” track record of delivering profitable growth, and its valuation is attractive for an “under the radar” growth story.
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