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Singapore Market Roundup (06-Oct-2026): PhillipCapital rates AvePoint 'accumulate'; Swaen warns
SUMMARY
- PhillipCapital has started coverage of AvePoint with an "accumulate" rating and a $20 target price, reflecting an 11.1% upside from its $18 closing price.
- Analyst Helena Wang noted that AI errors can propagate quickly, emphasizing the importance of AvePoint’s backup software in minimizing disruptions.
- Swaen Capital's Kenny Tan sees the company's Resilience suite, comprising 60% of ARR, as stable against AI disruption, depending mainly on user growth and competition with Microsoft 365.
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- Singapore Market Roundup (06-Oct-2026): PhillipCapital rates AvePoint 'accumulate'; Swaen warns07 Oct 2026
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