William Blair analyst Dylan Becker has maintained their bullish stance on CWAN stock, giving a Buy rating on May 5.
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Dylan Becker has given his Buy rating due to a combination of factors that highlight Clearwater Analytics Holdings’ strategic positioning and growth potential. The company has demonstrated strong financial performance, as evidenced by its recent solid first-quarter earnings. This success is underpinned by Clearwater’s comprehensive platform integration following its acquisitions of Enfusion, Beacon, and Bistro, which enhances its end-to-end value proposition.
Furthermore, Clearwater’s ability to expand its market share and achieve cost synergies supports its ambitious margin expansion targets. The company’s core platform is resilient and sticky, benefiting from a base-plus pricing model that ensures steady revenue streams. Despite potential execution risks, the current valuation of the stock, alongside its sustainable growth prospects, presents an attractive investment opportunity, justifying the Buy rating.
In another report released on May 5, D.A. Davidson also maintained a Buy rating on the stock with a $36.00 price target.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CWAN in relation to earlier this year.