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Investing.com - Evercore ISI has lowered its price target on Avepoint Inc. (NASDAQ:AVPT) to $18.00 from $22.00 while maintaining an Outperform rating on the stock. The new target remains well above AVPT’s current price of $13.84, which sits 32% below its 52-week high of $20.25. According to InvestingPro data, analyst consensus remains bullish with targets ranging from $17 to $26.
The adjustment comes despite Avepoint delivering strong third-quarter results, with annual recurring revenue (ARR) growth of 26% and revenue growth of 24% (21% in constant currency). The company achieved operating margins of 22%, surpassing its "Rule of 40" target with what Evercore termed a "Rule of 48" performance. This continues AVPT’s impressive revenue growth trajectory, with InvestingPro data showing a 24.7% increase in the last twelve months and a 5-year CAGR of 23%.
Avepoint’s enterprise segment showed solid performance with a 21% increase in customers generating over $100,000 in ARR, adding 41 new customers to reach 762 total. Geographically, EMEA ARR grew 28% while APAC ARR increased 33%, and channel-driven ARR rose to 56% from 53% a year ago. This expansion has helped the company maintain its impressive 74.5% gross profit margin.
The government shutdown and slowdown in U.S. federal business impacted results, affecting net revenue retention (NRR) and gross revenue retention (GRR) metrics. Despite these challenges, management raised its full-year revenue guidance by $6 million and increased operating margin guidance by 1.7 percentage points. Analysts expect AVPT to be profitable this fiscal year with an EPS forecast of $0.30.
Evercore’s new $18 price target represents 7.5x EV/CY27 revenue, with the firm noting that Avepoint remains well-positioned in the data modernization market, particularly as customers implement AI-based deployments and address security and governance risks associated with Agentic AI. InvestingPro analysis reveals two key strengths: AVPT holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, providing financial flexibility for future growth. For investors seeking deeper insights, AVPT is among 1,400+ US equities covered by comprehensive Pro Research Reports, offering clear, actionable intelligence through intuitive visuals and expert analysis.
In other recent news, AvePoint Inc. reported its third-quarter 2025 earnings, which showed mixed results. The company posted an earnings per share (EPS) of $0.06, slightly below the expected $0.07, representing a 14.29% downside surprise. However, AvePoint’s revenue for the quarter reached $109.7 million, surpassing forecasts by 3.77%. Despite the revenue beat, the company’s stock experienced a decline following the earnings announcement. These results reflect the latest developments in AvePoint’s financial performance.
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