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UPDATE: Sterne Agee Raises PT to $84 on CommVault Systems; Executing Amid Weak Macro

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Sterne Agee maintained CommVault Systems, Inc. (NASDAQ: CVLT) with a Buy rating and raised the price target from $72.00 to $84.00.

Sterne Agee noted, "CommVault continues to demonstrate strong license growth execution, well ahead of peers in a challenging macro and should be bolstered by the Simpana 10 product cycle. We believe there continues to be room for additional estimate growth and multiple expansion as management adds continued buffer to out quarter / year operating margin targets."

CommVault Systems closed at $77.44 on Tuesday.

Latest Ratings for CVLT

DateFirmActionFromTo
Jan 2016Sterne Agee CRTDowngradesBuyNeutral
Jan 2016Mitsubishi UFJInitiates Coverage onOverweight
Oct 2015Pacific CrestMaintainsOverweight

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Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

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