Lake Street Maintains Hold on CommVault Systems, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi maintains a 'Hold' rating on CommVault Systems (NASDAQ:CVLT) and raises the price target from $62 to $72.
August 04, 2023 | 12:00 pm
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NEUTRAL IMPACT
The 'Hold' rating on CommVault Systems is maintained by Lake Street, with a raised price target from $62 to $72.
The news is directly about CommVault Systems. The 'Hold' rating suggests that the analyst believes the stock is fairly valued at current levels, neither undervalued nor overvalued. The raised price target indicates an expectation of some upside potential, but not enough to warrant a 'Buy' rating. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100