AvePoint price target raised to $20 from $19 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on AvePoint (AVPT) to $20 from $19 and keeps an Outperform rating on the shares. ARR growth accelerated to 25% on a constant currency basis, driven by improved gross retention, notes the analyst, who sees “more space for further improvement.”