Clearwater Analytics price target raised to $28 from $25 at RBC Capital

RBC Capital raised the firm’s price target on Clearwater Analytics to $28 from $25 and keeps an Outperform rating on the shares after attending Clearwater Connect. Gen-AI dominated the keynote, breakout sessions, and conversations, and the firm sees Clearwater as being in a “unique position” to monetize and offer true value with Gen-AI, the analyst tells investors in a research note. Clearwater’s advantaged position with asset price data will prove to be the company’s “competitive advantage” and bolster win rates, the firm added.