DBS Upgrades AvePoint to Moderate Buy After Strong Q2, SaaS Momentum

AvePoint, Inc. (NASDAQ:AVPT) is one of the best-performing mid-cap tech stocks in the last three years, supported by strong SaaS growth and demand for cloud data protection. On October 8, 2025, DBS Bank upgraded AvePoint to a “Moderate Buy” rating, reflecting confidence in the company’s execution and sustained momentum across its subscription-based offerings.

The upgrade followed AvePoint’s solid second-quarter results, where the company reported $102.0 million in total revenue, up 31% year over year, and SaaS revenue growth of 44% to $77.3 million. Annual Recurring Revenue climbed 27% to $367.6 million, underscoring continued enterprise adoption of its Confidence Platform, which provides governance, backup, and risk management solutions across Microsoft 365 and other collaboration ecosystems.

AvePoint, Inc. (NASDAQ:AVPT) has also been expanding its platform capabilities, adding command centers for risk posture, optimization, and resilience, strengthening its position as a data protection and compliance provider in the modern workplace ecosystem. Headquartered in Jersey City, New Jersey, the company develops cloud-based software that helps organizations manage, secure, and optimize their collaboration data across hybrid environments.

While we acknowledge the potential of AVPT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVPT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.