CommVault Systems Stock Forecast NASDAQ:CVLT

Price Target and Analyst Ratings

Most Recent Rating

On September 13, 2021 "Needham & Company LLC" gave "$95.00" rating for CVLT. The price target was set to $78.14+0.0%.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-09-13	$95.00	Initiated by	Needham & Company LLC	$78.29	$78.14+0.0%
2021-07-28	$80.00 - $90.00	Target Raised by	Summit Insights	$75.80	$77.13+2.9%
2021-07-28	$80.00 - $90.00	Reiterated by	Summit Insights	$75.80	$74.95→9.3%
2021-07-23	$82.00 - $95.00	Target Raised by	Needham & Company LLC	$82.16	$80.14→0.2%
2021-07-22	$85.00 - $90.00	Target Raised by	KeyCorp	$80.14	$80.29+1.2%
2021-05-12	Overweight	Target Raised by	Piper Sandler	$64.96	$84.00 → $86.00
2021-05-11	Buy	Target Raised by	Needham & Company LLC	$66.03	$76.00 → $82.00
2021-05-05	Buy	Target Raised by	Lake Street Capital	$68.51	$68.00 → $78.00
2021-05-05	Buy	Target Raised by	Needham & Company LLC	$68.51	$76.00 → $82.00
2021-04-29	Overweight	Reiterated by	KeyCorp	$69.65
2021-04-23	Overweight	Initiated by	KeyCorp	$70.70
2021-01-28		Target Raised by	Royal Bank of Canada	$63.14	$48.00 → $57.00
2021-01-28	Overweight	Target Raised by	KeyCorp	$63.14	$67.00 → $70.00
2021-01-28	Positive - Overweight	Target Raised by	Wells Fargo & Company	$63.14	$55.00 → $75.00
2021-01-28	Buy	Target Raised by	Lake Street Capital	$63.14	$54.00 → $68.00
2021-01-28	Overweight	Target Raised by	Piper Sandler	$63.14	$68.00 → $70.00
2021-01-25	Buy	Target Raised by	Needham & Company LLC	$59.44	$60.00 → $66.00
2021-01-25	Buy	Reiterated by	Needham & Company LLC	$59.44	$60.00 → $66.00
2021-01-13	Sector Weight - Overweight	Upgraded by	KeyCorp	$57.78	$67.00
2021-01-13	Overweight	Upgraded by	KeyCorp	$57.78	$67.00
2021-01-12	Neutral - Overweight	Upgraded by	Piper Sandler	$58.40	$45.00 → $68.00
2020-10-28	Positive - Buy	Target Raised by	Lake Street Capital	$40.00	$52.00 → $54.00
2020-07-30	Hold	Reiterated by	Royal Bank of Canada	$43.43	$48.00
2020-07-29	Buy	Target Raised by	Jefferies Financial Group	$43.60	$45.00 → $50.00
2020-07-28	Buy	Reiterated by	Needham & Company LLC	$42.85	$56.00
2020-07-28	Hold - Buy	Upgraded by	Lake Street Capital	$42.85	$52.00
2020-07-22	Buy	Reiterated by	Needham & Company LLC	$38.61	$53.00
2020-07-01	Buy	Initiated by	Needham & Company LLC	$39.00	$53.00
2020-05-20	Buy	Reiterated by	Needham & Company LLC	$35.95	$53.00
2020-05-13	Buy	Target Lowered by	Needham & Company LLC	$35.41	$55.00 → $53.00
2020-05-13		Target Lowered by	Royal Bank of Canada	$35.41	$55.00 → $45.00
2020-05-13	Hold	Target Lowered by	Lake Street Capital	$35.41	$52.00 → $44.00
2020-04-20	Buy	Initiated by	Needham & Company LLC	$40.92	$55.00

CVLT Stock Trend

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected.

Given the current horizontal trend, you can expect CommVault Systems stock with a 90% probability to be traded between $72.28 and $82.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-20	$72.97	$78.36	$83.75
2021-09-21	$72.96	$78.35	$83.74
2021-09-22	$72.95	$78.34	$83.73
2021-09-23	$72.93	$78.32	$83.71
2021-09-24	$72.92	$78.31	$83.70
2021-09-27	$72.91	$78.30	$83.69
2021-09-28	$72.89	$78.28	$83.68
2021-09-29	$72.88	$78.27	$83.66
2021-09-30	$72.87	$78.26	$83.65
2021-10-01	$72.85	$78.25	$83.64
2021-10-04	$72.84	$78.23	$83.62
2021-10-05	$72.83	$78.22	$83.61
2021-10-06	$72.82	$78.21	$83.60
2021-10-07	$72.80	$78.19	$83.59
2021-10-08	$72.79	$78.18	$83.57
2021-10-11	$72.78	$78.17	$83.56
2021-10-12	$72.76	$78.16	$83.55
2021-10-13	$72.75	$78.14	$83.53
2021-10-14	$72.74	$78.13	$83.52
2021-10-15	$72.73	$78.12	$83.51
2021-10-18	$72.71	$78.10	$83.49
2021-10-19	$72.70	$78.09	$83.48
2021-10-20	$72.69	$78.08	$83.47
2021-10-21	$72.67	$78.06	$83.46
2021-10-22	$72.66	$78.05	$83.44
2021-10-25	$72.65	$78.04	$83.43
2021-10-26	$72.63	$78.03	$83.42
2021-10-27	$72.62	$78.01	$83.40
2021-10-28	$72.61	$78.00	$83.39
2021-10-29	$72.60	$77.99	$83.38

About CommVault Systems

CommVault Systems, Inc. provides data and information management software applications and related services in North America, Europe, Australia, and Asia. The company provides data protection-backup and recovery, cloud and infrastructure management, and retention and compliance software solutions. Its software platform features include data protection solutions to support operating systems, applications, and databases on virtual and physical serv... Read more

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