AvePoint price target raised to $22.50 from $20 at Cantor Fitzgerald

Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on AvePoint (AVPT) to $22.50 from $20 and keeps an Overweight rating on the shares following a transfer of coverage. The company is well positioned to benefit from secular data management growth trends, the analyst tells investors in a research note. The firm says AvePoint is a leader in the data management secular growth trends around M365.