Gold bars to be exempt from tariffs, White House clarifies
Investing.com - Evercore ISI has raised its price target on Avepoint Inc. (NASDAQ:AVPT) to $22.00 from $20.00 while maintaining an Outperform rating on the stock. The company has demonstrated strong momentum with a 72% return over the past year, according to InvestingPro data.
The new price target represents approximately 10 times the enterprise value to calendar year 2026 revenue ratio for the company, according to Evercore ISI. With revenue growing at 21.7% and maintaining a healthy gross profit margin of 75.4%, the company shows strong operational execution.
The firm indicated that data modernization efforts remain in the early stages, positioning Avepoint favorably as customers seek to implement AI-based deployments within their technology stacks.
Evercore ISI specifically highlighted Avepoint’s strong position within the Microsoft (NASDAQ:MSFT) ecosystem as a key advantage for the company.
The research firm noted that Avepoint is building toward another year of what it terms the "Rule of ~40," a benchmark that combines revenue growth rate and profit margin.
In other recent news, AvPoint Inc. reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.01, which fell short of the expected $0.06 by 83.33%. Despite this earnings miss, AvPoint exceeded revenue expectations, reporting $102 million, which was a 5.94% surprise above forecasts. The company’s stock experienced a decline in aftermarket trading following the earnings announcement. These developments highlight the mixed financial performance of AvPoint in the recent quarter. The earnings miss and revenue beat are crucial points for investors to consider. The company’s financial results are part of the latest updates influencing investor sentiment. This earnings report is a significant factor in understanding AvPoint’s recent financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.