Goldman Sachs analyst Gabriela Borges has maintained their bullish stance on CWAN stock, giving a Buy rating on August 8.
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Gabriela Borges has given her Buy rating due to a combination of factors including Clearwater Analytics Holdings’ robust organic growth and its current stock valuation. Despite recent declines in stock price, which have been attributed to investor concerns over the integration of acquired assets, Clearwater continues to demonstrate strong growth potential.
Borges highlights that the company’s core business is trading at a compelling valuation, especially when considering its consistent growth rate of over 20% and the potential for further market share gains. She believes that the risks associated with recent acquisitions are adequately reflected in the current stock price, and anticipates positive developments, such as the upcoming Analyst Day, that could act as catalysts for the stock’s performance.
Borges covers the Technology sector, focusing on stocks such as Palo Alto Networks, Clearwater Analytics Holdings, and Zscaler. According to TipRanks, Borges has an average return of 6.1% and a 51.46% success rate on recommended stocks.
In another report released on August 8, Wells Fargo also maintained a Buy rating on the stock with a $32.00 price target.