Commvault price target raised to $170 from $168 at Piper Sandler

Piper Sandler raised the firm’s price target on Commvault (CVLT) to $170 from $168 and keeps a Neutral rating on the shares. Recent channel and CIO surveys were generally positive for Commvault and the space, which should help durable growth drivers remain near-term, the firm says. Piper slightly adjusted its estimates for these inputs and for FX, which has turned into a +2% tailwind.