AvePoint price target raised to $7 from $5.80 at Citi

Citi raised the firm’s price target on AvePoint to $7 from $5.80 and keeps a Neutral rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.