RBC Capital raised the firm’s price target on Commvault (CVLT) to $110 from $100 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The quarter demonstrated good execution to close the year with an improved tone to start the new fiscal year, while results continue to benefit from trends around data, the threat environment and AI as the company continues to drive resilience for customers, the analyst tells investors in a research note.
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