Wells Fargo Maintains Overweight on Clearwater Analytics Hldg, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Clearwater Analytics Hldg (CWAN) but lowers the price target from $24 to $22.

May 02, 2024 | 2:07 pm
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Wells Fargo maintains an Overweight rating on Clearwater Analytics Hldg but lowers the price target from $24 to $22.
The adjustment in price target by a major analyst like Wells Fargo, while maintaining an Overweight rating, suggests a positive outlook on CWAN's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100