Oppenheimer has adjusted its price target for Commvault (CVLT, Financial), reducing it to $180 from the previous $200. This change is attributed to a compression in market multiples, reflecting current market conditions. Despite the adjustment, the firm maintains an Outperform rating on Commvault shares.
Looking ahead to the upcoming quarterly results, Oppenheimer remains optimistic about Commvault's performance. The firm anticipates that the company will exceed expectations, driven by strong demand trends in its sector. This positive outlook suggests that Commvault continues to be in a favorable position within its market.
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 $176.42 with a high estimate of $200.00 and a low estimate of $147.00. The average target implies an upside of 17.93% from the current price of $149.60. 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 33.49% from the current price of $149.6. 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.
