DA Davidson keeps a Buy rating and $30 price target on Clearwater Analytics (CWAN) after the company entered into an agreement for an all-cash take-private deal at $24.55 per share. The firm had previously speculated that the company could be worth $30-$34 per share in a buyout, and it intends to continue to monitor developments regarding the “go-shop” period as it believes that “alternative offers are possible”, the analyst tells investors in a research note.
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