KeyBanc lowered the firm’s price target on Commvault (CVLT) to $152 from $185 and keeps an Overweight rating on the shares. The firm cites modestly lower peer multiples, incremental caution on security budgets and incremental competitive concern.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVLT:
- Commvault price target lowered to $155 from $186 at Piper Sandler
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Midday Fly By: Meta buys AI startup Manus, Cvent to acquire On24
- DigitalBridge downgraded, Commvault initiated: Wall Street’s top analyst calls
- Commvault initiated with an Overweight at Stephens