B. Riley Maintains Buy on AvePoint (AVPT) Supported by SaaS Tailwinds and Profitability

AvePoint Inc. (NASDAQ:AVPT) is one of the best low-priced technology stocks to buy right now. On September 15, B. Riley analyst Erik Suppiger reiterated a Buy rating and a $25 price target, following his initiation of coverage on August 26 with the same stance.

In his initiation note, Suppiger highlighted AvePoint’s role as a SaaS provider of cloud-native data management solutions spanning backup, security, and governance. The company is gaining share in the data backup segment through integrated offerings, with particularly strong traction in Microsoft 365 environments where AvePoint has built a well-recognized global brand.

The analyst noted that artificial intelligence is becoming an important industry driver, and as its adoption grows, the need for reliable data protection is expected to rise, benefiting companies such as AvePoint.

From a financial perspective, AvePoint maintains a solid position, with consistent profitability, expanding margins, healthy free cash flow, and a strong cash balance that supports its ongoing share repurchase program. Management is confident in achieving the “Rule of 40” (a measure for profitable growth in software) in 2025, reinforcing the strength of its growth and profitability mix.

At its current valuation of a PE of roughly 31 times based on calendar year 2027 EPS, the stock offers exposure to a durable SaaS model with structural tailwinds in data management and security.

AvePoint Inc. (NASDAQ:AVPT) delivers cloud-native SaaS solutions for data backup, security, and governance, with deep integration into Microsoft 365 and other enterprise applications.

While we acknowledge the potential of AVPT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.