KeyBanc has adjusted its price target for Commvault (CVLT, Financial), bringing it down from $195 to $185, while maintaining an Overweight rating. This revision comes in response to less robust macroeconomic survey data and declining multiples among peers in the industry.
Despite the expectation of satisfactory Q1 bookings, the firm anticipates that Commvault's updated guidance might reflect a more cautious outlook. This caution stems from rising concerns about building sales pipelines and a slowdown in deal signings. KeyBanc advises investors to prepare for potential volatility as the company navigates these challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for CommVault Systems Inc (CVLT, Financial) is $177.67 with a high estimate of $200.00 and a low estimate of $147.00. The average target implies an upside of 17.61% from the current price of $151.06. More detailed estimate data can be found on the CommVault Systems Inc (CVLT) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, CommVault Systems Inc's (CVLT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CommVault Systems Inc (CVLT, Financial) in one year is $99.50, suggesting a downside of 34.13% from the current price of $151.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CommVault Systems Inc (CVLT) Summary page.
