UPDATE: Cowen Starts Avepoint Inc. (AVPT) at Outperform

(Updated - August 16, 2021 5:36 AM EDT)

Cowen analyst J. Derrick Wood initiates coverage on Avepoint Inc. (NASDAQ: AVPT) with a Outperform rating and a price target of $14.50.

The analyst comments "AVPT is a derivative play on digital transformation within the MSFT ecosystem, and we think it can grow ~25-35% for years to come. At ~5x EV/CY23E Sales, and having recently merged via SPAC, in our view it's an undiscovered ~$2b small cap that should see growing investor awareness in the quarters ahead as growth accelerates."

For an analyst ratings summary and ratings history on Avepoint Inc. click here. For more ratings news on Avepoint Inc. click here.

Shares of Avepoint Inc. closed at $9.68 yesterday.

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