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Why AvePoint Stock Is Climbing Today

TheMotleyFool

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Shares of AvePoint (NASDAQ: AVPT) skyrocketed today after an analyst at Goldman Sachs started coverage of the company and put a buy rating on its stock.

The tech stock jumped by as much as 13.2% today and had gained 11.6% as of 12:50 p.m. EDT.

Goldman Sachs analyst Brian Essex initiated coverage of AvePoint, the largest data management solutions provider for Microsoft 365, today and set a $17 price target for the company's stock. That price target implies a 67% upside from the company's current share price.

Source Fool.com

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