Mizuho lowered the firm’s price target on Commvault (CVLT) to $140 from $180 and keeps an Outperform rating on the shares. The firm views the company’s fiscal Q3 report as “underwhelming.” However, the analyst views Commvault as one of the leading data backup, recovery, and cyber-resilience vendors, saying it should continue to see “generally healthy” platform adoption going forward.
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Read More on CVLT:
- Commvault price target lowered to $150 from $180 at Oppenheimer
- Commvault price target lowered to $100 from $144 at Cantor Fitzgerald
- Commvault price target lowered to $185 from $205 at Baird
- Commvault price target lowered to $135 from $162 at Stephens
- Commvault price target lowered to $108 from $152 at KeyBanc