Commvault Systems, Inc. (NASDAQ:CVLT) Overview and Analyst Insights

• Eric Heath from KeyBanc sets a price target of $192 for NASDAQ:CVLT, indicating a potential increase of 18.94%.
• Wall Street analysts maintain a positive outlook on CVLT, suggesting it as a potentially good investment.
• CVLT's current market capitalization stands at approximately $7.05 billion, reflecting its significant presence in the tech industry.

Commvault Systems, Inc. (NASDAQ:CVLT) is a leading data protection and information management software company. It competes with other tech firms like Veritas Technologies and Veeam Software, offering solutions for data backup, recovery, and management across various platforms. On January 16, 2025, Eric Heath from KeyBanc set a price target of $192 for CVLT, suggesting a potential price increase of 18.94% from its current price of $161.42.

Wall Street analysts have shown a positive outlook on CVLT, indicating it as a potentially good investment. These analysts' recommendations can influence investor decisions, impacting whether they buy, sell, or hold the stock. Despite this, the article from Zacks questions the long-term significance of these recommendations, suggesting that while they may affect short-term price movements, their long-term impact is uncertain.

Currently, CVLT is priced at $161.16, experiencing a slight decrease of 0.34%, or $0.55, today. The stock's trading range for the day has been between $160.57 and $164.39. Over the past year, CVLT has seen a high of $178.72 and a low of $78.30, reflecting its volatility and potential for growth.

Commvault's market capitalization is approximately $7.05 billion, indicating its size and presence in the tech industry. The trading volume today is 53,731 shares, which provides insight into the stock's liquidity and investor interest. These metrics are crucial for investors considering the stock's potential for future growth and stability.