AvePoint price target lowered to $17 from $22 at Scotiabank

Scotiabank lowered the firm’s price target on AvePoint (AVPT) to $17 from $22 and keeps an Outperform rating on the shares. The firm notes there were pluses and minuses to the quarter, with ARR only in line with consensus and no guidance raise paired with ARR growth and impressive operating margins, the analyst tells investors. With shares down 20% over the past three months, the firm believes the shares look “attractive.”