Clearwater Analytics price target raised to $31 from $25 at Oppenheimer

Oppenheimer analyst Brian Schwartz raised the firm’s price target on Clearwater Analytics to $31 from $25 and keeps an Outperform rating on the shares. The firm remains bullish on Clearwater and expects the business to sustain a unique SaaS SMiD Cap operating profile over the FTM with NRR expansion, 20% top-line growth, and high EBITDA margins. In Oppenheimer’s view, Clearwater has durable growth from multiple product cycles, structural advantages, compliance tailwinds, and a mega-competitor that’s a perpetual share-giver from architectural limitations.