Commvault shares are trading higher after Keybanc upgraded the stock from Sector Weight to Overweight and announced a $109 price target following Commvault's Q3 financial results yesterday.
Portfolio Pulse from Benzinga Newsdesk
Commvault's stock (CVLT) is trading higher after Keybanc upgraded the stock from Sector Weight to Overweight and set a $109 price target, following the company's Q3 financial results.
January 31, 2024 | 7:51 pm
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POSITIVE IMPACT
Commvault's stock is experiencing an increase in value after an upgrade by Keybanc from Sector Weight to Overweight, accompanied by a new price target of $109, subsequent to the company's positive Q3 financial results.
The upgrade by Keybanc is a strong positive signal to the market, indicating a belief in the company's value and potential for growth, especially after solid Q3 financial results. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100