DA Davidson raised the firm’s price target on Commvault (CVLT) to $195 from $185 and keeps a Buy rating on the shares. The firm is also naming the stock its “top pick for 2025”, stating that despite outperforming the Tech Software ETF IGV by 66% last year, the stock still trades at just 6% enterprise value to expected forward revenue. Commvault’s strong competitive position in the enterprise segment of the market, SaaS capabilities, and market opportunity remain significantly underappreciated, the analyst tells investors in a research note.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
