Evercore ISI believes AvePoint’s long-term market opportunity remains ‘robust’

AvePoint held an "upbeat" analyst day yesterday and the firm came away feeling "comfortable" with the increasing number of customers implementing products and suites across its Confidence Platform, Evercore ISI analyst Kirk Materne tells investors. While the demand environment remains a key near-term question for investors, the firm believes the long-term market opportunity for the company "remains robust" as digital transformations and data volumes continue to scale as well as compliance and threat protection becoming top-of-mind. Evercore ISI reaffirms an Outperform rating and $6 price target.