Commvault upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler analyst James Fish upgraded Commvault (CVLT) to Overweight from Neutral with a price target of $200, up from $195. The firm has become incrementally encouraged by the company’s more competitive offering, increased go-to-market investments that are paying off, and the subscription transition providing increased visibility. Piper cites the recent pullback in shares over the last few weeks and its recent channel checks for the upgrade.