Commvault price target raised to $65 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Commvault to $65 from $60 and keeps a Neutral rating on the shares. The company reported a "relatively strong" finish to the fiscal-year end, with "encouraging signals" from the increased transparency, new disclosures and segmentation and subscription transition, the analyst tells investors in a research note.