Commvault price target lowered to $175 from $200 at Guggenheim

Guggenheim analyst Howard Ma lowered the firm’s price target on Commvault (CVLT) to $175 from $200 and keeps a Buy rating on the shares. A 30%-plus selloff is “a gross overreaction to what wasn’t an egregious CC NNARR miss” for what should at least still be a mid-to-high teens ARR grower, the analyst tells investors. While the firm acknowledges the heightened uncertainty following this print and the need to reset achievable expectations with FY27 guidance, it believes management can do that, the analyst added.