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Clearwater Analytics price target lowered to $31 from $35 at Loop Capital

Loop Capital analyst Yun Kim lowered the firm’s price target on Clearwater Analytics (CWAN) to $31 from $35 and keeps a Buy rating on the shares. The company reported a strong first quarter post-Enfusion and Beacon acquisitions, and the firm continues to have high confidence that management team can accelerate these acquired businesses from 13% revenue growth to 20% in 2 years and also drive further cost synergies, the analyst tells investors in a research note.

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