Wall Street is positive on CommVault Systems, Inc. (CVLT). On average, analysts give CVLT a Strong Buy rating. The average price target is $58.6, which means analysts expect the stock to lose by -3.04% over the next twelve months.
That average ranking earns CVLT an Analyst Rating of 75, which is better than 75% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With CommVault Systems, Inc. Stock Today?
CommVault Systems, Inc. (CVLT) stock is trading at $60.44 as of 1:34 PM on Tuesday, Jan 26, a gain of $1.00, or 1.68% from the previous closing price of $59.44. The stock has traded between $58.96 and $60.51 so far today. Volume today is less active than usual. So far 220,220 shares have traded compared to average volume of 334,118 shares.