Clearwater Analytics reinstated with an Overweight at JPMorgan

JPMorgan reinstated coverage of Clearwater Analytics (CWAN) with an Overweight rating and price target of $28, down from $33. The company’s acquisition of Enfn should strengthen its positioning among asset managers and hedge funds, the analyst tells investors in a research note. The firm recognizes 2025 is likely to be a transition year for Clearwater, but thinks asset integration “should be seamless” given the compatible cloud-native architectures. It believes the company’s acquisition strategy should result in a “comprehensive” end-to-end solution and geographic expansion, facilitating sustainable 20% revenue growth.