DA Davidson analyst Rudy Kessinger lowered the firm’s price target on Commvault (CVLT) to $185 from $220 but keeps a Buy rating on the shares. The firm is expecting Commvault to deliver strong Q3 results with term-license duration in-line with guidance assumptions as well as annual recurring revenue and EBIT margin upside in both the quarter and the revised FY26 guidance, the analyst tells investors in a research note. The results will help calm the fears around further term-license duration compression that could potentially cause additional downward profitability revisions due to less upfront revenue and serve as a catalyst for the stock, the firm added.
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