Commvault price target raised to $125 from $115 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the firm’s price target on Commvault to $125 from $115 and keeps a Buy rating on the shares. The company reported a “strong” Q4 and its FY25 guidance was well ahead on reported revenue, calling for continued acceleration as the model transition headwinds continue to fade, the analyst tells investors in a research note.