Goldman Sachs analyst Gabriela Borges lowered the firm's price target on AvePoint to $14 from $15.50 and keeps a Neutral rating on the shares after its Q1 earnings miss. The company highlighted its strategic role in enabling AI enterprise projects, given cost management and governance are emerging as primary gating factors for enterprise AI deployments, particularly as customers scale agent based use cases, the analyst tells investors in a research note. The firm added that its price target cut on AvePoint reflects lower peer multiples.
