Clearwater Analytics price target raised to $17 from $16 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Clearwater Analytics to $17 from $16 and reaffirms a Neutral rating on the stock due to macro impacts weighing on client decision-making. Ramnani noted that despite this headwind, the company demonstrated solid bookings and continues to see robust demand. Clearwater’s acquisition of JUMP could serve as a growth catalyst, Ramnani added.