In a company report published earlier today, Sterne Agee Group, Inc. initiated coverage of CommVault Systems, Inc. CVLT with a Buy rating and a $54.00 price target.
Sterne Agee went on to say “We believe CommVault's all-in-one backup/archival/management platform continues to resonate well in the multi-billion a year market against a more fragmented, multi-solution approach among competitors. We argue that productivity yields have room for expansion and more importantly, growth in VMs will create significant backup bottlenecks with Simpana as a key strategic technology solution.”
CommVault Systems, Inc. closed on Friday at $46.12.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in