Citigroup Maintains Neutral Rating for AvePoint: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained a Neutral rating for AvePoint (NASDAQ:AVPT) and increased its price target from $8.00 to $9.00. AvePoint's shares are currently trading at $7.91, up 0.38% over the last 24 hours. The new price target suggests a potential upside of 13.78% from the current share price. AvePoint is a provider of Microsoft 365 data management solutions.
January 10, 2024 | 5:00 pm
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POSITIVE IMPACT
Citigroup maintains Neutral rating on AvePoint, raises price target to $9. Current trading price is $7.91, indicating a potential 13.78% increase.
The increase in price target by Citigroup is a positive signal for investors, suggesting that the bank sees potential for AvePoint's stock price to rise. This could lead to increased investor confidence and a potential short-term increase in the stock price. However, the Neutral rating indicates that Citigroup does not see significant momentum beyond the new price target, which tempers the potential impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100