AvePoint

AVPT · NASDAQ

$15.23+$0.49 (+3.32%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $14.74

AVPT analyst rating

BuyConsensus of 13 analysts over the last 12 months. 77% rate it a buy.

Strong buy0
Buy10
Hold3
Underperform0
Sell0

12-month price target · 15 analysts

Average $17.67 (+16.0% upside)

Low: $14.14
Now: $15.23
High: $27.30

Upgrades and downgrades

The latest rating actions, newest first

AVPT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 6, 2026	Initiates	Outperform	$17.00	66%
Stephens & Co.	Sep 21, 2026	Maintains	Overweight	$16.00 → $17.00	77%
Scotiabank	Aug 7, 2026	Maintains	Sector Outperform	$12.00 → $15.00	86%
TD Cowen	Aug 7, 2026	Maintains	Buy	$14.00 → $15.00	60%
Evercore ISI Group	Aug 7, 2026	Maintains	Outperform	$14.00 → $16.00	59%
DA Davidson	Jul 6, 2026	Maintains	Buy	$18.00	61%
Scotiabank	May 8, 2026	Maintains	Sector Outperform	$13.00 → $12.00	86%
William Blair	Mar 23, 2026	Downgrade	Outperform → Market Perform	—	49%
Citigroup	Mar 2, 2026	Maintains	Neutral	$15.00 → $13.00	71%
TD Cowen	Feb 27, 2026	Maintains	Buy	$17.00 → $16.00	60%

The case for and against

Updated Oct 14, 2026

Bull case

AvePoint is supported by durable mid-20% ARR growth, a favorable near-term demand backdrop, and management confidence in achieving FY26 outlook and the FY29 $1B ARR target, which implies a 25% CAGR. Its fundamentals are strengthened by AI tailwinds, less than 10% penetration within M365, and expanding opportunities in Google Workspace, Salesforce, SMB, and the U.S. public sector, while 40% of pipeline from Control Suite and ~50% of customers using only one product highlight meaningful cross-sell potential. Financial quality also looks solid, with GRR and NRR trending at 88%-89% and 110%-111% over the last six quarters, respectively, and a path to margin expansion as product mix shifts toward higher-margin offerings and operating leverage improves.

Bear case

AvePoint is viewed negatively because its business remains highly concentrated, with 90%+ of revenue tied to protecting Microsoft products, leaving it vulnerable if Microsoft enhances native capabilities or competes more directly. Its growth thesis also depends on sustaining durable 20%+ ARR growth while expanding into multi-cloud and a channel-first model that now represents 57% of ARR as of CY25, both of which add execution and partner-risk friction. Although Japan timing issues and identity-security convergence appear more like near-term noise than a structural demand break, they underscore a narrower margin for error given public-sector, FX, and cyberattack risks, alongside 28% insider ownership.

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