Goldman Sachs analyst Gabriela Borges raised the firm’s price target on AvePoint to $7.50 from $7 and keeps a Neutral rating on the shares. The company reported a “strong” Q2 with above-consensus guidance for Q3 and FY24 and operating margins topping estimates by 200bps, the analyst tells investors in a research note. AvePoint’s results over the last several quarters stand out for their consistency at a time when most other Software companies are reporting mixed trends, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVPT:
- AvePoint Announces General Availability of Cloud Backup Express
- AvePoint to Announce Second Quarter 2024 Financial Results on August 8
- AvePoint Named a Winner in the 2024 Microsoft Partner of the Year Awards
- AvePoint Named to Inc.’s Annual List of Best Workplaces for 2024
- 3 Best Stocks to Buy Now, 6/18/2024, According to Top Analysts