AvePoint, Inc. (NASDAQ:AVPT) emerges as one of the best-performing mid-cap tech stocks in the last three years, with strong SaaS growth and demand for cloud data protection. DBS Bank upgraded AvePoint to a “Moderate Buy” rating on October 8, 2025, following the company’s solid second-quarter results. AvePoint reported $102.0 million in total revenue, up 31% year over year, with SaaS revenue growth of 44% to $77.3 million. Annual Recurring Revenue also climbed 27% to $367.6 million, showcasing continued enterprise adoption of its Confidence Platform. The company also expanded its platform capabilities to enhance data protection and compliance in the modern workplace ecosystem.

Nebius (NBIS) has soared to new heights as earnings skyrocket, reflecting strong performance in the market. AvePoint, Inc. (NASDAQ:AVPT) continues to strengthen its position as a data protection and compliance provider by adding command centers for risk posture, optimization, and resilience in the hybrid workplace environment. While AvePoint shows investment potential, some believe that certain AI stocks offer greater upside potential with less downside risk. For those seeking an undervalued AI stock that could benefit from current economic trends, consider exploring other investment options.

Read more at Yahoo Finance: DBS Upgrades AvePoint to Moderate Buy After Strong Q2, SaaS Momentum