Guggenheim analyst Howard Ma upgraded Commvault (CVLT) to Buy from Neutral with a $210 price target The firm sees sustainable secular tailwinds in data protection following its channel checks. It expects Commvault to post upside to fiscal Q2 estimates, setting the stage for both sales growth and free cash flow margin of over 20% this year. This positions the Commvault as a “balanced and sustainable Rule of 40 company,” the analyst tells investors in a research note.
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