Commvault price target raised to $78 from $76 at Piper Sandler

Piper Sandler raised the firm’s price target on Commvault to $78 from $76 and keeps a Neutral rating on the shares. The firm sees the “light at the end of the tunnel” on the transition, with FY25-26 topline potentially showing accelerating growth trends. Piper also notes that it continues to prefer more earnings resilient names in the space with reasonable valuations and catalysts within Infrastructure.