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

Core Insights - AvePoint, Inc. has been recognized as one of the best-performing mid-cap tech stocks over the last three years, driven by robust SaaS growth and increasing demand for cloud data protection [1] - DBS Bank upgraded AvePoint to a "Moderate Buy" rating on October 8, 2025, indicating confidence in the company's execution and ongoing momentum in its subscription-based offerings [1][2] Financial Performance - In the second quarter, AvePoint reported total revenue of $102.0 million, reflecting a year-over-year increase of 31% [2] - SaaS revenue grew by 44% to reach $77.3 million, while Annual Recurring Revenue increased by 27% to $367.6 million, highlighting the enterprise adoption of its Confidence Platform [2] Product Development - The company has been enhancing its platform capabilities by adding command centers for risk posture, optimization, and resilience, which strengthens its position as a data protection and compliance provider [3] - AvePoint develops cloud-based software that assists organizations in managing, securing, and optimizing their collaboration data across hybrid environments [3]