J.P. Morgan Thinks Clearwater Analytics Holdings’ Stock is Going to Recover

In a report released yesterday, Noah R. Herman from J.P. Morgan maintained a Buy rating on Clearwater Analytics Holdings (CWANResearch Report), with a price target of $18.00. The company’s shares closed last Thursday at $13.12, close to its 52-week low of $11.23.

According to, Herman is a 3-star analyst with an average return of 26.7% and a 85.7% success rate. Herman covers the Technology sector, focusing on stocks such as Instructure Holdings, EverCommerce, and Similarweb.

Currently, the analyst consensus on Clearwater Analytics Holdings is a Moderate Buy with an average price target of $15.13, implying a 21.0% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $15.00 price target.

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Based on Clearwater Analytics Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $70.78 million and net profit of $398K. In comparison, last year the company earned revenue of $56.89 million and had a net profit of $3.41 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CWAN in relation to earlier this year.

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Clearwater Analytics Holdings Inc provides investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions for asset managers, insurance companies, and large corporations. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection.

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