DA Davidson raised the firm’s price target on Clearwater Analytics to $24 from $22 and keeps a Buy rating on the shares. The company’s first Investor Day event indicated that the management expects about 200bps of adjusted EBITDA margin expansion in 2024 and 2025 and marks a “rather constructive” update, the analyst tells investors in a research note.
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Read More on CWAN:
- Clearwater Analytics price target raised to $22 from $19 at Wells Fargo
- Clearwater Analytics sees 2023 revenue $364M-$366M, consensus $362.99M
- Clearwater Analytics sees Q3 revenue $92M, consensus $91.91M
- Clearwater Analytics reports Q2 non-GAAP EPS 8c, consensus 7c
- Clearwater Analytics Announces Second Quarter 2023 Financial Results
