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Investing.com - Cantor Fitzgerald has reduced its price target on Avepoint Inc. (NASDAQ:AVPT) to $18.00 from $22.50 while maintaining an Overweight rating on the stock. Currently trading at $13.84, AVPT still offers significant upside potential to analyst targets, which range from $17 to $26. According to InvestingPro data, the stock is currently trading near its calculated Fair Value.
The price target adjustment reflects a lower multiple that aligns with Avepoint shares’ one-year historical next-twelve-months EV/R average of 7.5x for calendar year 2026, according to the research firm.
Cantor Fitzgerald noted that Avepoint’s gross retention declined due to pressures in the U.S. Federal segment, which represents approximately 10% of the company’s revenue, though this decline was in line with expectations. The firm also observed elongated sales cycles and weaker upsell activity, with net revenue retention dropping quarter-over-quarter to 110%.
Despite these challenges, Cantor Fitzgerald increased its revenue forecasts for Avepoint, citing overall upside in SaaS and relatively lumpy Services revenue. The firm highlighted that channel revenue increased to 56% from 53%, and management reiterated a bullish stance on MSP and channel expansion for market and margin potential. InvestingPro data shows Avepoint achieved impressive revenue growth of 24.71% over the last twelve months, with analysts forecasting 24% growth for fiscal year 2025.
Cantor Fitzgerald expressed continued confidence in Avepoint’s positioning to benefit from trends in data unification, governance, and security, including management of data governance and access related to Microsoft Copilot rollouts in the longer term, supporting the firm’s Overweight rating. InvestingPro analysis reveals Avepoint holds more cash than debt on its balance sheet and is expected to become profitable this year with a forecasted EPS of $0.30. Discover comprehensive analysis of AVPT and 1,400+ other stocks through InvestingPro’s detailed Research Reports, which transform complex data into actionable investment insights.
In other recent news, AvePoint Inc. reported its third-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) while surpassing revenue expectations. The company posted an EPS of $0.06, falling short of the anticipated $0.07, but achieved a revenue of $109.7 million, exceeding forecasts by 3.77%. Despite these mixed results, AvePoint demonstrated strong performance in annual recurring revenue (ARR), with a growth of 26% and overall revenue growth of 24%. Operating margins reached 22%, surpassing the "Rule of 40" target with what Evercore ISI described as a "Rule of 48" performance. Evercore ISI, while maintaining an Outperform rating, lowered its price target for AvePoint to $18 from $22, citing a federal slowdown as a concern. These recent developments indicate the company’s robust revenue performance amid a challenging market environment.
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