Guggenheim analyst Howard Ma lowered the firm’s price target on Commvault (CVLT) to $200 from $220 and keeps a Buy rating on the shares to reflect higher uncertainty amid the model transition. However, the firm expects fiscal Q3 total and subscription revenue to exceed consensus and full-year Total ARR and revenue guidance to be raised by the upside, the analyst tells investors in a preview.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $152 from $185 at KeyBanc
- 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