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Do Analysts Agree on CommVault Systems, Inc. (CVLT) Stock's Target Price?

Tuesday, January 26, 2021 01:36 PM | InvestorsObserver Analysts
Do Analysts Agree on CommVault Systems, Inc. (CVLT) Stock's Target Price?

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.

Overall Score - 4.8
Wall Street analysts are rating CVLT a Strong Buy today. Find out what this means to you and get the rest of the rankings on CVLT!

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.

Click Here to get the full report on CommVault Systems, Inc. (CVLT) Stock.

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