Morgan Stanley Assumes Clearwater Analytics Hldg at Equal-Weight, Maintains Price Target of $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has assumed coverage of Clearwater Analytics Holdings (CWAN) with an Equal-Weight rating and has maintained a price target of $19.
May 02, 2024 | 5:19 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley analyst James Faucette has assumed coverage of Clearwater Analytics Holdings with an Equal-Weight rating and a maintained price target of $19.
The assumption of coverage by Morgan Stanley with an Equal-Weight rating and a maintained price target of $19 suggests a neutral outlook on CWAN's stock in the short term. This rating indicates that the analyst believes CWAN is fairly valued at its current price level, neither undervalued nor overvalued. Therefore, the impact on the stock price is likely to be neutral in the short term, as the market has likely already priced in the current valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100