AvePoint Stock Climbs Before the Bell as Wall Street Tests Its AI Governance Bet
AvePoint shares rose 2.44% to $10.49 in premarket trading Friday after reporting first-quarter revenue of $117.2 million, up 26% year over year. SaaS revenue climbed 35% to $93.4 million and annual recurring revenue reached $435.2 million. Goldman Sachs and Scotiabank both lowered their price targets after earnings. The stock remains well below its 52-week high of $19.95.