Scotiabank starts AvePoint at Outperform on ‘skyrocketing’ Copilot adoption

Scotiabank last night initiated coverage of AvePoint (AVPT) with an Outperform rating and $19 price target The company is well positioned to benefit from the “skyrocketing adoption” of Microsoft 365 Copilot, as the technology is “igniting renewed demand” for data governance, the analyst tells investors in a research note. The firm says that as a leader in data governance for Microsoft environments, AvePoint is “ideally situated.” This artificial intelligence tailwind is already benefiting the company’s financial model, Scotiabank contends. The firm’s analysis suggests Street 2025 revenue and operating margin estimates look conservative.