Wells Fargo analyst Aaron Rakers raised the firm’s price target on Commvault to $105 from $85 and keeps an Overweight rating on the shares. The firm notes Commvault delivered solid Q3 upside and above-consensus Q4 guide. Commvault’s subscription plus SaaS growth momentum stands out, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CVLT:
- Commvault Announces Fiscal 2024 Third Quarter Financial Results
- Backblaze names Ngo as Chief Product Officer
- Commvault price target raised to $78 from $76 at Piper Sandler
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- Commvault appoints Borst as Area VP for Asia, Dea as Area VP for APAC