Truist analyst Junaid Siddiqui lowered the firm’s price target on Commvault (CVLT) to $210 from $230 and keeps a Buy rating on the shares. The company delivered solid Q2 results, coming in above the high end of guidance on revenue and ARR, though a duration headwind on term license caused the stock to fall about 16% as that filtered through the P&L, causing 200bp of margin compression, the analyst tells investors in a research note.
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Read More on CVLT:
- Commvault price target lowered to $167 from $217 at RBC Capital
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- Commvault Systems Reports Strong Q2 Fiscal 2026 Results
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- Commvault’s Impressive ARR Growth and Market Position Make It a Strong Buy