William Blair analyst Dylan Becker has maintained their bullish stance on CWAN stock, giving a Buy rating on November 4.
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Dylan Becker has given his Buy rating due to a combination of factors including Clearwater Analytics Holdings’ strong financial performance and strategic positioning. The company reported a quarter with revenue and EBITDA surpassing expectations, indicating robust operational efficiency. Despite a slight dip in core ARR growth, the core revenue growth of 19% is seen as a more accurate reflection of the company’s business momentum, driven by an increasing number of larger enterprise deals.
Furthermore, Clearwater’s pipeline is described as the strongest in its history, suggesting potential for future growth in net-new-ARR. The firm is also reaping benefits from AI efficiencies and deal synergies, leading to significant margin expansion that exceeds its own targets. With a discounted valuation and a comprehensive platform for investment operations, Clearwater is well-positioned to sustain growth and profitability, justifying the Buy rating.
In another report released on November 4, D.A. Davidson also maintained a Buy rating on the stock with a $30.00 price target.