Mizuho analyst Michael Romanelli initiated coverage of Commvault (CVLT) with an Outperform rating and $190 price target The company has built a strong data backup, recovery, and cyber resilience platform, the analyst tells investors in a research note. The firm has “growing confidence” that cyber resilience will continue to rise in strategic importance for many organizations. It sees Commvault driving good ongoing cross-sell and upsell activity.
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