William Blair analyst Jason Ader has reiterated their bullish stance on CVLT stock, giving a Buy rating on July 31.
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Jason Ader has given his Buy rating due to a combination of factors that highlight CommVault Systems’ strong growth potential and strategic positioning in the market. The company’s leadership has expressed confidence in their growth trajectory, emphasizing an expanding total addressable market and significant cross-sell opportunities. CommVault’s successful turnaround is attributed to the rising demand for cyber-resilience solutions, driven by the increasing threat of ransomware, and the company’s ability to innovate both organically and through acquisitions, particularly in the realm of cyber products and cloud/SaaS application backups.
Moreover, CommVault has made substantial improvements in internal execution, which include enhanced sales leadership, better account coverage, improved forecasting, and increased sales productivity. The company’s brand recognition has grown significantly, and it is leveraging a broader partner ecosystem to further its reach. Looking forward, CommVault aims to achieve sustainable growth with mid-teens top-line growth and mid-20s EBIT margins, supported by the early stage of cyber-resilience adoption and a strong product portfolio. These factors collectively underpin Ader’s confident Buy rating.
In another report released on July 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $217.00 price target.
Based on the recent corporate insider activity of 41 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 CVLT in relation to earlier this year.